Stella-Jones (TSE:SJ) Price Target Cut to C$85.00 by Analysts at Scotiabank

Stella-Jones (TSE:SJ) had its price objective cut by Scotiabank from C$95.00 to C$85.00 in a report released on Thursday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. TD Securities lifted their price target on shares of Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. CIBC boosted their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a report on Thursday, August 8th. National Bankshares boosted their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada boosted their price objective on Stella-Jones from C$94.00 to C$97.00 in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and a consensus target price of C$88.00.

Stella-Jones Trading Down 2.3 %

TSE SJ traded down C$1.71 during trading hours on Thursday, reaching C$72.55. The company’s stock had a trading volume of 143,409 shares, compared to its average volume of 138,820. The firm has a fifty day simple moving average of C$89.52 and a 200-day simple moving average of C$87.72. The stock has a market cap of C$4.09 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a 52 week low of C$71.41 and a 52 week high of C$98.00. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion. Equities analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Stella-Jones Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s dividend payout ratio is currently 18.09%.

Insider Activity

In other news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$92.92, for a total transaction of C$464,583.48. Insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.