Stella-Jones Inc. (TSE:SJ) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Stella-Jones Inc. (TSE:SJ) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$95.38.

Several research analysts have recently commented on the company. Canadian Imperial Bank of Commerce decreased their price objective on Stella-Jones from C$96.00 to C$87.00 in a report on Thursday, May 7th. TD decreased their price objective on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, May 11th. National Bank Financial downgraded Stella-Jones from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$107.00 to C$95.00 in a report on Wednesday, April 8th. Raymond James Financial decreased their price objective on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Desjardins decreased their price objective on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th.

Insider Activity at Stella-Jones

In other Stella-Jones news, Director Kenner James bought 937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of C$73.22 per share, for a total transaction of C$68,607.14. Following the completion of the acquisition, the director directly owned 1,834 shares in the company, valued at C$134,285.48. The trade was a 104.46% increase in their ownership of the stock. Also, Director Kevin Patrick Comerford bought 500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of C$72.06 per share, with a total value of C$36,030.00. Following the acquisition, the director owned 6,176 shares of the company’s stock, valued at C$445,042.56. This represents a 8.81% increase in their ownership of the stock. Insiders acquired a total of 3,443 shares of company stock worth $247,814 over the last quarter. 0.14% of the stock is owned by corporate insiders.

Stella-Jones Trading Down 1.9%

Shares of SJ stock opened at C$80.12 on Thursday. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The business has a 50-day moving average price of C$81.43 and a two-hundred day moving average price of C$87.38. Stella-Jones has a 12-month low of C$69.94 and a 12-month high of C$101.31. The firm has a market cap of C$4.37 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.00.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share (EPS) for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%.The firm had revenue of C$791.00 million during the quarter. Equities analysts anticipate that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Stella-Jones Company Profile

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.