Stella-Jones (TSE:SJ) had its target price increased by Laurentian from C$50.00 to C$52.00 in a report published on Friday morning.
A number of other analysts have also issued reports on SJ. TD Securities lifted their price target on Stella-Jones from C$53.00 to C$54.00 and gave the stock a buy rating in a research note on Friday. National Bank Financial raised Stella-Jones from a sector perform rating to an outperform rating and lifted their price target for the stock from C$52.00 to C$55.00 in a research note on Thursday, January 25th. Desjardins lowered their price target on Stella-Jones from C$54.00 to C$50.00 in a research note on Thursday, March 15th. Royal Bank of Canada lowered their price target on Stella-Jones from C$56.00 to C$53.00 and set an outperform rating on the stock in a research note on Thursday, March 15th. Finally, Scotiabank lifted their price target on Stella-Jones from C$47.00 to C$48.00 and gave the stock a sector perform rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$52.14.
Shares of TSE:SJ traded up C$1.42 during trading on Friday, reaching C$47.43. The stock had a trading volume of 183,200 shares, compared to its average volume of 119,313. Stella-Jones has a 1-year low of C$42.31 and a 1-year high of C$52.22.
Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, March 14th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.28 by C$0.46. The firm had revenue of C$377.40 million for the quarter, compared to analyst estimates 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 was paid on Friday, April 27th. Shareholders of record on Friday, April 6th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, April 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.11.
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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