Stella-Jones Inc. (TSE:SJ) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Stella-Jones Inc. (TSE:SJ) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$95.38.

SJ has been the topic of several research analyst reports. Raymond James Financial decreased their price target on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Scotiabank decreased their price objective on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 28th. Desjardins decreased their price objective on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Stella-Jones from C$96.00 to C$87.00 in a research report on Thursday, May 7th. Finally, TD reduced their target price on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday, May 11th.

Insider Activity at Stella-Jones

In other news, Director Kenner James bought 937 shares of Stella-Jones stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the purchase, the director directly owned 1,834 shares in the company, valued at C$134,285.48. The trade was a 104.46% increase in their ownership of the stock. Also, Director Anne Elizabeth Giardini bought 1,000 shares of Stella-Jones stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of C$71.25 per share, for a total transaction of C$71,250.00. Following the purchase, the director owned 3,400 shares of the company’s stock, valued at C$242,250. The trade was a 41.67% increase in their ownership of the stock. Insiders have bought a total of 3,443 shares of company stock valued at $247,814 over the last 90 days. 0.14% of the stock is owned by insiders.

Stella-Jones Trading Up 2.5%

Shares of SJ opened at C$79.31 on Thursday. The business’s 50-day moving average price is C$82.18 and its 200-day moving average price is C$87.42. Stella-Jones has a twelve month low of C$69.94 and a twelve month high of C$101.31. The stock has a market cap of C$4.33 billion, a PE ratio of 14.37, a P/E/G ratio of 2.40 and a beta of -0.15. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%.The firm had revenue of C$791.00 million for the quarter. On average, equities analysts forecast that Stella-Jones will post 6.4457565 EPS 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.