Stella-Jones (TSE:SJ) Shares Pass Above 200-Day Moving Average of $85.54

Stella-Jones Inc. (TSE:SJ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$85.54 and traded as high as C$91.78. Stella-Jones shares last traded at C$89.86, with a volume of 474,413 shares trading hands.

Analyst Upgrades and Downgrades

SJ has been the subject of a number of research reports. Royal Bank of Canada cut Stella-Jones from an “outperform” rating to a “sector perform” rating and set a C$94.00 price objective for the company. in a research note on Monday, July 8th. 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 report on Tuesday, July 16th. TD Securities upped their price objective on Stella-Jones from C$98.00 to C$103.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, CIBC upped their target price on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$95.50.

Stella-Jones Price Performance

The stock has a market capitalization of C$5.06 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The stock has a fifty day moving average of C$91.99 and a 200-day moving average of C$85.54.

Stella-Jones (TSE:SJ) last issued 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). 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 analyst estimates of C$1.07 billion. On average, equities research analysts predict that Stella-Jones Inc. will post 6.5134948 EPS for the current fiscal year.

Insider Transactions 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. Insiders own 0.14% of the company’s stock.

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.