Stella-Jones (TSE:SJ) Given New C$86.00 Price Target at CIBC

Stella-Jones (TSE:SJ) had its target price upped by stock analysts at CIBC from C$85.00 to C$86.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 7.73% from the stock’s previous close.

SJ has been the topic of a number of other research reports. TD Securities reduced their target price on Stella-Jones from C$96.00 to C$94.00 and set a “buy” rating on the stock in a report on Friday, March 1st. National Bankshares raised their price objective on Stella-Jones from C$87.00 to C$89.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Desjardins decreased their target price on Stella-Jones from C$94.00 to C$92.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Royal Bank of Canada increased their target price on shares of Stella-Jones from C$91.00 to C$94.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Scotiabank reduced their price target on shares of Stella-Jones from C$89.00 to C$86.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.71.

Stella-Jones Price Performance

TSE SJ traded down C$0.12 during midday trading on Thursday, hitting C$79.83. The company had a trading volume of 58,967 shares, compared to its average volume of 139,595. Stella-Jones has a twelve month low of C$52.07 and a twelve month high of C$85.77. The firm has a 50-day moving average price of C$77.82 and a 200-day moving average price of C$76.61. The company has a current ratio of 5.07, a quick ratio of 1.20 and a debt-to-equity ratio of 97.46. The company has a market capitalization of C$4.53 billion, a PE ratio of 14.22, a P/E/G ratio of 2.40 and a beta of 0.68.

Stella-Jones (TSE:SJ) last issued its earnings results on Thursday, February 29th. The company reported C$0.98 EPS for the quarter, beating the consensus estimate of C$0.90 by C$0.08. The company had revenue of C$688.00 million during the quarter, compared to analysts’ expectations of C$722.50 million. Stella-Jones had a net margin of 9.82% and a return on equity of 20.32%. As a group, analysts anticipate that Stella-Jones will post 5.7146953 earnings per share for the current fiscal year.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Simon Pelletier purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of C$73.15 per share, for a total transaction of C$146,290.00. In related news, Director Simon Pelletier bought 2,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of C$73.15 per share, with a total value of C$146,290.00. Also, Senior Officer Richard Cuddihy purchased 500 shares of Stella-Jones stock in a transaction on Thursday, March 14th. The stock was bought at an average price of C$72.45 per share, for a total transaction of C$36,225.00. Over the last three months, insiders have bought 3,800 shares of company stock worth $251,922. Insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.