Royal Bank of Canada Cuts Stella-Jones (TSE:SJ) Price Target to C$81.00

Stella-Jones (TSE:SJ) had its price objective reduced by Royal Bank of Canada from C$97.00 to C$81.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also issued reports on SJ. CIBC increased their price target on Stella-Jones from C$94.00 to C$97.00 in a research note on Thursday, August 8th. TD Securities lifted their target price on Stella-Jones from C$98.00 to C$103.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. National Bankshares upped 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 report on Tuesday, July 16th. Finally, Scotiabank reduced their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Stock Down 2.5 %

Stella-Jones stock opened at C$72.37 on Thursday. Stella-Jones has a 52 week low of C$71.41 and a 52 week high of C$98.00. The stock has a market cap of C$4.08 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.40 and a beta of 0.64. The company’s 50-day moving average price is C$89.18 and its two-hundred day moving average price is C$87.67. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data 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). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. The company had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion. On average, analysts expect that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Stella-Jones Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s dividend payout ratio is 18.09%.

Insider Buying and Selling

In other news, Director James Augustus Manzi sold 5,000 shares of the business’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 currently owned by company insiders.

Stella-Jones Company Profile

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.