Stella-Jones (SJ) Earns Outperform Rating from CIBC

CIBC restated their outperform rating on shares of Stella-Jones (TSE:SJ) in a research note issued to investors on Tuesday. They currently have a C$55.00 price target on the stock.

SJ has been the topic of several other research reports. TD Securities raised shares of Stella-Jones from a hold rating to a buy rating and lowered their price target for the company from C$54.00 to C$53.00 in a research report on Thursday, March 15th. National Bank Financial lowered their price target on shares of Stella-Jones from C$55.00 to C$53.00 and set an outperform rating on the stock in a research report on Thursday, March 15th. Desjardins boosted their price target on shares of Stella-Jones from C$50.00 to C$51.00 in a research report on Friday, May 4th. Laurentian boosted their price target on shares of Stella-Jones from C$50.00 to C$52.00 in a research report on Friday, May 4th. Finally, Royal Bank of Canada lowered their price target on shares of Stella-Jones from C$56.00 to C$53.00 and set an outperform rating on the stock in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$52.50.

Shares of Stella-Jones opened at C$47.85 on Tuesday, Marketbeat Ratings reports. Stella-Jones has a twelve month low of C$42.44 and a twelve month high of C$52.22.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be given a $0.12 dividend. The ex-dividend date is Tuesday, June 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%.

About Stella-Jones

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.

Analyst Recommendations for Stella-Jones (TSE:SJ)

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