Stella-Jones (TSE:SJ) Given New C$82.00 Price Target at Canadian Imperial Bank of Commerce

Stella-Jones (TSE:SJ) had its price target decreased by Canadian Imperial Bank of Commerce from C$87.00 to C$82.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other analysts have also issued reports on SJ. Royal Bank Of Canada reduced their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. National Bank Financial lowered shares of Stella-Jones from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. TD cut 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. Scotiabank decreased their target price on Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Finally, Desjardins lowered their target price on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$94.38.

Stella-Jones Stock Down 0.2%

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

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

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Kenner James bought 937 shares of Stella-Jones stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of C$73.22 per share, for a total transaction of C$68,607.14. Following the completion of the purchase, the director directly owned 1,834 shares of the company’s stock, valued at approximately C$134,285.48. This trade represents a 104.46% increase in their ownership of the stock. Also, Director Kevin Patrick Comerford purchased 500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of C$72.06 per share, for a total transaction of C$36,030.00. Following the completion of the purchase, the director directly owned 6,176 shares in the company, valued at C$445,042.56. This represents a 8.81% increase in their position. Insiders acquired 3,443 shares of company stock worth $247,814 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.