Stella-Jones (TSE:SJ) PT Raised to C$97.00 at Royal Bank of Canada

Stella-Jones (TSE:SJ) had its price objective raised by investment analysts at Royal Bank of Canada from C$94.00 to C$97.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 3.07% from the stock’s current price.

SJ has been the topic of a number of other reports. National Bankshares raised their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. TD Securities raised their price target on shares of Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, CIBC increased their price objective on shares of Stella-Jones from C$94.00 to C$97.00 in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$96.00.

Stella-Jones Price Performance

Shares of SJ stock traded down C$0.21 during mid-day trading on Wednesday, hitting C$94.11. 28,111 shares of the stock were exchanged, compared to its average volume of 133,548. The firm has a fifty day moving average of C$91.15 and a 200 day moving average of C$86.61. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. Stella-Jones has a 52-week low of C$66.08 and a 52-week high of C$98.00. The company has a market cap of C$5.30 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.96 by C($0.02). The firm had revenue of C$1.05 billion for the quarter, compared to analysts’ expectations of C$1.07 billion. Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. Research analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current year.

Insider Buying and Selling at Stella-Jones

In other news, Director James Augustus Manzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is owned by insiders.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.