Stella-Jones (TSE:SJ) had its target price decreased by Scotiabank from C$48.00 to C$47.00 in a research note released on Thursday, March 15th. Scotiabank currently has a sector perform rating on the stock.
SJ has been the topic of a number of other reports. Royal Bank of Canada decreased their price objective on Stella-Jones from C$56.00 to C$53.00 and set an outperform rating on the stock in a report on Thursday, March 15th. Laurentian lifted their price target on Stella-Jones from C$55.00 to C$57.00 and gave the stock a buy rating in a research note on Wednesday, January 24th. Desjardins lifted their price target on Stella-Jones from C$49.00 to C$54.00 in a research note on Thursday, January 25th. TD Securities lifted their price target on Stella-Jones from C$49.00 to C$51.00 and gave the stock a hold rating in a research note on Wednesday, January 24th. Finally, National Bank Financial decreased their price target on Stella-Jones from C$55.00 to C$53.00 and set an outperform rating on the stock in a research note on Thursday, March 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$52.57.
Shares of TSE SJ traded up C$0.21 during trading hours on Thursday, reaching C$45.29. 51,273 shares of the stock traded hands, 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 announced its quarterly earnings data on Wednesday, March 14th. The company reported C$0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.28 by C$0.46. The company had revenue of C$377.40 million for 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 declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be paid a $0.12 dividend. 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 yield of 1.06%. The ex-dividend date of this dividend is Thursday, April 5th.
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Stella-Jones Inc produces, markets, and sells pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, and panelized railway crossings; and construction timbers.
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