Stella-Jones (TSE:SJ) Given New C$77.00 Price Target at Desjardins

Stella-Jones (TSE:SJ) had its price objective lowered by stock analysts at Desjardins from C$99.00 to C$77.00 in a report issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price objective would suggest a potential upside of 20.71% from the stock’s previous close.

A number of other analysts have also recently commented on SJ. Royal Bank Of Canada lowered their price target on Stella-Jones from C$79.00 to C$76.00 in a research report on Wednesday, September 30th. Scotiabank cut their price objective on Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a report on Thursday. Raymond James Financial reduced their price objective on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. National Bank Financial decreased their target price on Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.62.

Stella-Jones Stock Performance

Shares of TSE:SJ traded up C$1.87 on Thursday, hitting C$63.79. 215,202 shares of the company were exchanged, compared to its average volume of 171,178. Stella-Jones has a 1-year low of C$58.37 and a 1-year high of C$101.31. The stock’s 50 day moving average price is C$67.27 and its 200 day moving average price is C$80.09. The company has a current ratio of 5.25, a quick ratio of 1.20 and a debt-to-equity ratio of 75.40. The firm has a market capitalization of C$3.48 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.40 and a beta of -0.12.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. The firm had revenue of C$979.00 million for the quarter. Sell-side analysts predict that Stella-Jones will post 6.45 EPS for the current year.

Stella-Jones Company Profile

Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.