TD Securities Cuts Stella-Jones (TSE:SJ) Price Target to C$88.00

Stella-Jones (TSE:SJ) had its price objective decreased by TD Securities from C$103.00 to C$88.00 in a research note released on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada lowered their target price on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday. CIBC lowered their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a report on Thursday. Scotiabank reduced their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday. Finally, National Bankshares upped their target price on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Price Performance

SJ stock opened at C$72.37 on Thursday. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The company’s 50-day moving average is C$89.18 and its 200-day moving average is C$87.67. The stock has a market capitalization of C$4.08 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. Stella-Jones has a 1 year low of C$71.41 and a 1 year high of C$98.00.

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

Stella-Jones Announces Dividend

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

Insider Activity

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones 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 corporate 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.