Stella-Jones (TSE:SJ) Upgraded to “Buy” at TD Securities

TD Securities upgraded shares of Stella-Jones (TSE:SJ) from a hold rating to a buy rating in a research note published on Thursday, March 15th. TD Securities currently has C$53.00 price objective on the stock, down from their previous price objective of C$54.00.

SJ has been the subject of several other reports. Royal Bank of Canada reduced their target price on 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. Laurentian lifted their price objective on Stella-Jones from C$55.00 to C$57.00 and gave the company a buy rating in a report on Wednesday, January 24th. Desjardins lifted their price objective on Stella-Jones from C$49.00 to C$54.00 in a report on Thursday, January 25th. National Bank Financial reissued an outperform overweight rating on shares of Stella-Jones in a report on Wednesday, January 24th. Finally, Acumen Capital lifted their price objective on Stella-Jones from C$50.50 to C$55.00 and gave the company a buy rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Stella-Jones presently has a consensus rating of Buy and a consensus price target of C$52.57.

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SJ stock traded up C$0.21 during midday trading on Thursday, hitting C$45.29. The stock had a trading volume of 51,273 shares, compared to its average volume of 124,712. Stella-Jones has a 52 week low of C$40.39 and a 52 week high of C$52.22.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, April 5th. This is a boost from Stella-Jones’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%.

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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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