Stella-Jones (TSE:SJ) Stock Price Expected to Rise, CIBC World Markets Analyst Says

Stella-Jones (TSE:SJ) had its target price increased by equities researchers at CIBC World Markets from C$90.00 to C$100.00 in a note issued to investors on Saturday,BayStreet.CA reports. CIBC World Markets’ target price points to a potential upside of 2.23% from the stock’s previous close.

Several other analysts have also commented on SJ. TD Securities increased their price objective on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Desjardins set a C$102.00 target price on Stella-Jones and gave the company a “buy” rating in a research report on Friday, December 12th. Scotiabank raised Stella-Jones from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$88.00 to C$98.00 in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce boosted their price target on Stella-Jones from C$90.00 to C$100.00 in a research note on Friday. Finally, National Bankshares upped their price objective on shares of Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a report on Monday, December 15th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$98.88.

Stella-Jones Stock Up 0.3%

Shares of SJ opened at C$97.82 on Friday. The company has a market capitalization of C$5.37 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.40 and a beta of -0.17. The business’s 50 day moving average is C$88.05 and its 200 day moving average is C$82.78. Stella-Jones has a 12-month low of C$62.26 and a 12-month high of C$99.60. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$1.59 earnings per share (EPS) for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. The firm had revenue of C$958.00 million for the quarter. Research analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stella-Jones news, Director Michelle Annette Banik acquired 472 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of C$84.60 per share, with a total value of C$39,931.20. Following the acquisition, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. The trade was a ∞ increase in their ownership of the stock. Insiders own 0.14% of the company’s stock.

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. The vast majority of its revenue comes from the Pressure-treated wood segment.