Stella-Jones (TSE:SJ) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Stella-Jones Inc. (TSE:SJ)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$87.18 and traded as high as C$95.34. Stella-Jones shares last traded at C$93.50, with a volume of 75,678 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SJ. Canadian Imperial Bank of Commerce lifted their target price on shares of Stella-Jones from C$90.00 to C$100.00 in a report on Friday, February 6th. Scotiabank raised shares of Stella-Jones from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$88.00 to C$98.00 in a report on Thursday, January 29th. Royal Bank Of Canada raised their price objective on shares of Stella-Jones from C$89.00 to C$95.00 in a research report on Friday, February 27th. National Bank Financial lifted their price objective on Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a report on Monday, December 15th. Finally, Desjardins set a C$102.00 target price on Stella-Jones and gave the stock a “buy” rating in a research note on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Stella-Jones presently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.29.

Stella-Jones Trading Up 1.2%

The company has a market cap of C$5.16 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 2.40 and a beta of -0.20. The business has a fifty day simple moving average of C$94.88 and a 200 day simple moving average of C$87.33. 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 posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share for the quarter. Stella-Jones had a net margin of 9.65% and a return on equity of 16.67%. The business had revenue of C$727.00 million for the quarter. On average, equities analysts anticipate that Stella-Jones Inc. 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.