Stella-Jones Inc. (TSE:SJ) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Stella-Jones Inc. (TSE:SJ) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$88.00.

Several equities research analysts have recently issued reports on the stock. TD Securities decreased their price target on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Scotiabank decreased their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. CIBC dropped their price target on Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price objective on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th.

Stella-Jones Price Performance

SJ opened at C$69.24 on Thursday. Stella-Jones has a fifty-two week low of C$67.13 and a fifty-two week high of C$98.00. The firm has a 50-day moving average of C$72.97 and a 200 day moving average of C$84.44. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The firm has a market cap of C$3.90 billion, a P/E ratio of 11.19, a PEG ratio of 2.40 and a beta of 0.64.

Stella-Jones Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, December 2nd. Stella-Jones’s payout ratio is currently 18.09%.

Insider Activity at Stella-Jones

In other news, Director Rhodri Harries purchased 5,000 shares of Stella-Jones stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of C$70.50 per share, for a total transaction of C$352,500.00. Also, Senior Officer Richard Cuddihy purchased 500 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. In the last three months, insiders have purchased 12,785 shares of company stock worth $896,221. 0.14% of the stock is owned by company insiders.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.