Stella-Jones (TSE:SJ) Sets New 12-Month Low – Here’s Why

Stella-Jones Inc. (TSE:SJ) hit a new 52-week low during trading on Monday . The stock traded as low as C$71.17 and last traded at C$71.50, with a volume of 112901 shares traded. The stock had previously closed at C$72.37.

Analysts Set New Price Targets

Several research firms recently commented on SJ. TD Securities decreased their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada dropped their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday. Scotiabank dropped their target price on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. CIBC decreased their price target on Stella-Jones from C$99.00 to C$83.00 in a report on Thursday. Finally, National Bankshares increased their target price on Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and an average price target of C$88.00.

Stella-Jones Price Performance

The stock has a 50 day moving average of C$89.18 and a two-hundred day moving average of C$87.72. 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 capitalization of C$4.00 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, December 2nd. Stella-Jones’s payout ratio is presently 18.09%.

Insider Activity at Stella-Jones

In other news, Director James Augustus Manzi sold 5,000 shares of the business’s stock in a transaction 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. 0.14% of the stock is owned by insiders.

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.