Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price objective reduced by Canadian Imperial Bank of Commerce from C$96.00 to C$87.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 16.47% from the company’s current price.

A number of other brokerages have also recently weighed in on SJ. Royal Bank Of Canada reduced their target price on Stella-Jones from C$95.00 to C$93.00 and set a “sector perform” rating on the stock in a report on Monday, April 13th. National Bank Financial downgraded Stella-Jones from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$107.00 to C$95.00 in a report on Wednesday, April 8th. TD Securities lifted their price objective on Stella-Jones from C$97.00 to C$107.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Scotiabank dropped their target price on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. Finally, TD cut their price target on shares of Stella-Jones from C$107.00 to C$106.00 and set a “buy” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and a consensus target price of C$97.00.

Stella-Jones Trading Down 3.0%

Shares of SJ traded down C$2.31 during mid-day trading on Thursday, hitting C$74.70. The company had a trading volume of 243,548 shares, compared to its average volume of 134,032. Stella-Jones has a 1-year low of C$70.98 and a 1-year high of C$101.31. The business’s 50-day simple moving average is C$90.25 and its 200-day simple moving average is C$88.28. The stock has a market cap of C$4.08 billion, a PE ratio of 12.27, a P/E/G ratio of 2.40 and a beta of -0.15. The company has a quick ratio of 1.20, a current ratio of 7.40 and a debt-to-equity ratio of 92.30.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 EPS for the quarter. The firm had revenue of C$791.00 million during the quarter. Stella-Jones had a net margin of 9.65% and a return on equity of 16.67%. Sell-side analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current year.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets. The vast majority of its revenue comes from the Pressure-treated wood segment.