Stella-Jones (TSE:SJ) Raised to “Outperform” at Scotiabank

Stella-Jones (TSE:SJ) was upgraded by equities researchers at Scotiabank from a “hold” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a C$98.00 target price on the stock, up from their previous target price of C$88.00. Scotiabank’s price objective suggests a potential upside of 7.34% from the company’s current price.

A number of other research analysts also recently weighed in on the company. CIBC cut their price objective on Stella-Jones from C$90.00 to C$89.00 in a research note on Friday, November 7th. Raymond James Financial set a C$100.00 price target on shares of Stella-Jones and gave the company an “outperform” rating in a research report on Thursday, November 20th. Cibc World Mkts cut shares of Stella-Jones from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. TD Securities raised 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 note on Thursday, November 6th. Finally, National Bankshares lifted their target price on shares of 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and a consensus target price of C$97.14.

Stella-Jones Price Performance

Shares of SJ opened at C$91.30 on Thursday. The firm’s 50 day moving average price is C$86.95 and its 200 day moving average price is C$82.17. Stella-Jones has a twelve month low of C$62.26 and a twelve month high of C$92.84. The firm has a market cap of C$5.01 billion, a PE ratio of 14.94, a PEG ratio of 2.40 and a beta of -0.24. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85.

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

Insider Buying and Selling

In related news, Director Michelle Annette Banik purchased 472 shares of Stella-Jones stock in a transaction on Wednesday, November 12th. The stock was purchased 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 in the company, valued at approximately C$39,931.20. This trade represents a ∞ increase in their ownership of the stock. 0.14% of the stock is currently owned by insiders.

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.