Stella-Jones (TSE:SJ) Given New C$76.00 Price Target at Royal Bank Of Canada

Stella-Jones (TSE:SJ) had its price objective lowered by Royal Bank Of Canada from C$79.00 to C$76.00 in a research note issued to investors on Wednesday, BayStreet reports. Royal Bank Of Canada’s price objective suggests a potential upside of 11.70% from the stock’s previous close.

SJ has been the subject of several other reports. Scotiabank decreased their price target on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating for the company in a research note on Wednesday, August 12th. Canadian Imperial Bank of Commerce cut their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Raymond James Financial reduced their target price on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Desjardins decreased their target price on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, National Bank Financial dropped their price target on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$89.62.

Stella-Jones Trading Down 2.3%

Shares of Stella-Jones stock traded down C$1.61 on Wednesday, reaching C$68.04. 64,236 shares of the company’s stock were exchanged, compared to its average volume of 172,458. The company has a market capitalization of C$3.71 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 2.40 and a beta of -0.16. Stella-Jones has a 52 week low of C$66.70 and a 52 week high of C$101.31. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25. The firm’s 50-day moving average is C$72.10 and its two-hundred day moving average is C$78.85.

Stella-Jones (TSE:SJ) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. The company had revenue of C$1.04 billion during the quarter. Sell-side analysts predict that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

About Stella-Jones

Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.