Stella-Jones Inc. (TSE:SJ) Given Average Rating of “Moderate Buy” by Brokerages

Stella-Jones Inc. (TSE:SJ) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$88.00.

Several research firms have issued reports on SJ. CIBC dropped their target price on Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. Scotiabank dropped their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. TD Securities dropped their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, Senior Officer Richard Cuddihy bought 500 shares of Stella-Jones stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average price of C$70.85 per share, with a total value of C$35,424.00. Also, Director Rhodri Harries bought 5,000 shares of Stella-Jones stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of C$69.50 per share, for a total transaction of C$347,500.00. Insiders have bought a total of 10,750 shares of company stock worth $753,042 in the last quarter. Company insiders own 0.14% of the company’s stock.

Stella-Jones Stock Performance

Shares of SJ stock opened at C$72.49 on Friday. The stock has a market capitalization of C$4.08 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. Stella-Jones has a 52-week low of C$67.13 and a 52-week high of C$98.00. The stock’s 50-day moving average price is C$79.89 and its 200 day moving average price is C$86.23. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis 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 currently 18.09%.

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.