National Bankshares Forecasts Strong Price Appreciation for Stella-Jones (TSE:SJ) Stock

Stella-Jones (TSE:SJ) had its price objective raised by equities research analysts at National Bankshares from C$95.00 to C$107.00 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 24.26% from the company’s previous close.

A number of other research analysts have also weighed in on SJ. CIBC cut their target price on shares of Stella-Jones from C$90.00 to C$89.00 in a report on Friday, November 7th. Scotiabank lifted their price objective on shares of Stella-Jones from C$81.00 to C$88.00 in a research note on Friday, October 17th. TD Securities upped their target price on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Desjardins set a C$102.00 price target on shares of Stella-Jones and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Royal Bank Of Canada lifted their price target on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$95.71.

Stella-Jones Trading Down 0.6%

Shares of Stella-Jones stock opened at C$86.11 on Monday. Stella-Jones has a twelve month low of C$62.26 and a twelve month high of C$88.46. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The business has a 50-day moving average price of C$82.77 and a 200-day moving average price of C$79.98. The firm has a market cap of C$4.73 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 2.40 and a beta of -0.22.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 EPS for the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%.The company had revenue of C$958.00 million during the quarter. Equities research analysts anticipate that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michelle Annette Banik acquired 472 shares of Stella-Jones stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of C$84.60 per share, with a total value of C$39,931.20. Following the transaction, the director directly owned 472 shares of the company’s stock, valued at C$39,931.20. This trade represents a ∞ increase in their position. 0.14% of the stock is owned by company insiders.

About Stella-Jones

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.