Stella-Jones Inc. (TSE:SJ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Stella-Jones Inc. (TSE:SJ) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$88.00.

Several analysts have recently weighed in on the company. CIBC cut their price objective on Stella-Jones from C$99.00 to C$83.00 in a report on Thursday, November 7th. TD Securities cut their price objective on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Royal Bank of Canada cut their price objective on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Finally, Scotiabank cut their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th.

Stella-Jones Trading Up 0.5 %

Shares of Stella-Jones stock opened at C$70.23 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The firm has a market cap of C$3.96 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The business has a fifty day simple moving average of C$85.98 and a 200-day simple moving average of C$87.20. Stella-Jones has a fifty-two week low of C$67.13 and a fifty-two week high of C$98.00.

Stella-Jones Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones’s payout ratio is 18.09%.

Insider Activity at Stella-Jones

In related news, Senior Officer Richard Cuddihy acquired 500 shares of the stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average price of C$70.85 per share, with a total value of C$35,424.00. Also, Director Rhodri Harries acquired 5,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of C$69.50 per share, for a total transaction of C$347,500.00. Over the last ninety days, insiders have acquired 10,750 shares of company stock valued at $753,042. Company 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.