Stella-Jones Receives Consensus Rating of “Buy” from Brokerages (TSE:SJ)
Stella-Jones (TSE:SJ) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the company, Analyst Ratings Network reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$30.75.
SJ has been the subject of a number of recent research reports. Analysts at Laurentian raised their price target on shares of Stella-Jones from C$35.00 to C$37.00 in a research note on Monday, August 11th. They now have a “buy” rating on the stock. Analysts at Scotiabank raised their price target on shares of Stella-Jones from C$30.00 to C$32.00 in a research note on Monday, August 11th. They now have a “sector perform” rating on the stock.
Stella-Jones (TSE:SJ) opened at 30.99 on Tuesday. Stella-Jones has a 52-week low of $24.375 and a 52-week high of $32.74. The stock’s 50-day moving average is $28.83 and its 200-day moving average is $29.00. The company has a market cap of $2.133 billion and a P/E ratio of 21.47.
Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.06. On average, analysts predict that Stella-Jones will post $1.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.90%.
Stella-Jones Inc (TSE:SJ) is a producer and marketer of industrial treated wood products, specializing in the production of railway ties and timbers, as well as wood poles supplied to electrical utilities and telecommunication companies.
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