Stella-Jones (TSE:SJ) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Stella-Jones Inc. (TSE:SJ) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$86.78 and traded as low as C$79.93. Stella-Jones shares last traded at C$80.68, with a volume of 205,291 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SJ shares. Raymond James Financial decreased their target price on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Scotiabank dropped their price target on Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. National Bank Financial lowered Stella-Jones from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$107.00 to C$95.00 in a report on Wednesday, April 8th. TD reduced their price objective 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, Royal Bank Of Canada lowered their target price on Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating on the stock in a 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 stock currently has an average rating of “Moderate Buy” and an average target price of C$95.38.

Stella-Jones Price Performance

The firm has a 50 day moving average price of C$78.75 and a 200 day moving average price of C$86.78. The stock has a market capitalization of C$4.40 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. The company has a current ratio of 4.96, a quick ratio of 1.20 and a debt-to-equity ratio of 80.71.

Stella-Jones (TSE:SJ) last released its earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. The company had revenue of C$791.00 million for 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 Inc. will post 6.4457565 earnings per share for the current year.

Insider Activity

In related news, Director Anne Elizabeth Giardini acquired 1,000 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$71.25 per share, for a total transaction of C$71,250.00. Following the purchase, the director owned 3,400 shares in the company, valued at C$242,250. The trade was a 41.67% increase in their position. Also, Director Kenner James acquired 937 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought 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 owned 1,834 shares in the company, valued at C$134,285.48. This trade represents a 104.46% increase in their position. Insiders have purchased a total of 3,443 shares of company stock valued at $247,814 in the last ninety days. 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.