Stella-Jones Inc (TSE:SJ) – Investment analysts at National Bank Financial cut their FY2017 earnings per share (EPS) estimates for Stella-Jones in a report issued on Sunday. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $1.94 for the year, down from their prior forecast of $2.04. National Bank Financial has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Stella-Jones’ Q4 2017 earnings at $0.26 EPS.
Other analysts have also issued research reports about the stock. Desjardins upped their target price on shares of Stella-Jones from C$49.00 to C$54.00 in a report on Thursday, January 25th. Laurentian upped their target price on shares of Stella-Jones from C$55.00 to C$57.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Acumen Capital upped their target price on shares of Stella-Jones from C$50.50 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. TD Securities upped their target price on shares of Stella-Jones from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a C$56.00 target price on shares of Stella-Jones in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$53.71.
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Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.
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