National Bank Financial Lowers Stella-Jones (TSE:SJ) Price Target to C$53.00

Stella-Jones (TSE:SJ) had its price target reduced by analysts at National Bank Financial from C$55.00 to C$53.00 in a research note issued on Thursday, March 15th. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 17.02% from the company’s current price. National Bank Financial also issued estimates for Stella-Jones’ Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.75 EPS and Q4 2018 earnings at $0.45 EPS.

Other equities research analysts also recently issued research reports about the stock. Desjardins lifted their target price on shares of Stella-Jones from C$49.00 to C$54.00 in a research report on Thursday, January 25th. Laurentian lifted their target price on shares of Stella-Jones from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Acumen Capital boosted their price objective on shares of Stella-Jones from C$50.50 to C$55.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. TD Securities boosted their price objective on shares of Stella-Jones from C$49.00 to C$51.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada cut their price objective on shares of Stella-Jones from C$56.00 to C$53.00 and set an “outperform” rating for the company in a research report on Thursday, March 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Stella-Jones currently has a consensus rating of “Buy” and a consensus price target of C$52.57.

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TSE:SJ opened at C$45.29 on Thursday. Stella-Jones has a 12 month low of C$40.39 and a 12 month high of C$52.22.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, March 14th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.28 by C$0.46. Stella-Jones had a net margin of 8.11% and a return on equity of 15.87%. The business had revenue of C$377.40 million during the quarter, compared to the consensus estimate of C$371.07 million.

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About Stella-Jones

Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.

Analyst Recommendations for Stella-Jones (TSE:SJ)

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