Stella-Jones (TSE:SJ) Shares Cross Above 200 Day Moving Average – What’s Next?

Stella-Jones Inc. (TSE:SJ)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$87.18 and traded as high as C$95.34. Stella-Jones shares last traded at C$93.50, with a volume of 75,678 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SJ shares. Royal Bank Of Canada lifted their price target on shares of Stella-Jones from C$89.00 to C$95.00 in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price objective on shares of Stella-Jones from C$90.00 to C$100.00 in a research report on Friday, February 6th. TD Securities raised their target price on Stella-Jones from C$97.00 to C$107.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Scotiabank raised Stella-Jones from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$88.00 to C$98.00 in a research report on Thursday, January 29th. Finally, National Bank Financial increased their price target on Stella-Jones from C$95.00 to C$107.00 and gave the stock an “outperform” rating in a report on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Stella-Jones has a consensus rating of “Moderate Buy” and a consensus target price of C$101.29.

Stella-Jones Price Performance

The company has a current ratio of 7.40, a quick ratio of 1.20 and a debt-to-equity ratio of 92.30. The stock has a market cap of C$5.11 billion, a PE ratio of 15.35, a PEG ratio of 2.40 and a beta of -0.20. The business has a 50-day moving average price of C$94.66 and a 200 day moving average price of C$87.18.

Stella-Jones (TSE:SJ) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.91 earnings per share for the quarter. The business had revenue of C$727.00 million during the quarter. Stella-Jones had a net margin of 9.65% and a return on equity of 16.67%. As a group, research analysts forecast that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.

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.