Scotiabank Cuts Stella-Jones (TSE:SJ) Price Target to C$85.00

Stella-Jones (TSE:SJ) had its target price dropped by equities research analysts at Scotiabank from C$95.00 to C$85.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 17.45% from the stock’s previous close.

Several other brokerages have also recently issued reports on SJ. TD Securities lifted their price objective on shares of Stella-Jones from C$98.00 to C$103.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. CIBC lifted their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. National Bankshares increased their price objective on Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada upped their target price on Stella-Jones from C$94.00 to C$97.00 in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Stella-Jones has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Stock Performance

Shares of TSE SJ opened at C$72.37 on Thursday. Stella-Jones has a 1 year low of C$71.41 and a 1 year high of C$98.00. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The stock has a fifty day moving average price of C$89.18 and a two-hundred day moving average price of C$87.61. The firm has a market cap of C$4.08 billion, a P/E ratio of 11.69, a PEG ratio of 2.40 and a beta of 0.64.

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

Insider Activity at Stella-Jones

In related 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.