Stella-Jones (TSE:SJ) Given New C$82.00 Price Target at Royal Bank Of Canada

Stella-Jones (TSE:SJ) had its target price reduced by Royal Bank Of Canada from C$85.00 to C$82.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. National Bank Financial downgraded shares of Stella-Jones from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Desjardins decreased their target price on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce lowered their target price on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday. TD reduced their price target on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Raymond James Financial reduced their price target on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$94.38.

Stella-Jones Stock Down 0.2%

Shares of Stella-Jones stock opened at C$79.37 on Thursday. The company has a market cap of C$4.33 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. Stella-Jones has a twelve month low of C$69.94 and a twelve month high of C$101.31. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The company’s 50 day moving average is C$78.53 and its 200 day moving average is C$86.68.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.12 EPS for the quarter. The company had revenue of C$791.00 million during the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. Research analysts anticipate that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Activity at Stella-Jones

In related news, Director Kevin Patrick Comerford bought 500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of C$72.06 per share, with a total value of C$36,030.00. Following the completion of the purchase, the director owned 6,176 shares of the company’s stock, valued at approximately C$445,042.56. The trade was a 8.81% increase in their position. Also, Director Anne Elizabeth Giardini purchased 1,000 shares of Stella-Jones stock in a transaction on Monday, May 11th. The stock was bought at an average price of C$71.25 per share, for a total transaction of C$71,250.00. Following the completion of the acquisition, the director owned 3,400 shares in the company, valued at C$242,250. The trade was a 41.67% increase in their position. Over the last ninety days, insiders purchased 3,443 shares of company stock valued at $247,814. Corporate insiders own 0.14% of the company’s stock.

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