TD Has Lowered Expectations for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price cut by equities research analysts at TD from C$106.00 to C$93.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 32.65% from the company’s previous close.

Several other research firms have also weighed in on SJ. TD Securities lifted their target price on Stella-Jones from C$97.00 to C$107.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. National Bank Financial lowered Stella-Jones from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$107.00 to C$95.00 in a report on Wednesday, April 8th. Desjardins cut their price target on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial reduced their price objective on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada dropped their target price on Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Stella-Jones presently has a consensus rating of “Moderate Buy” and an average price target of C$95.38.

Stella-Jones Trading Down 1.6%

SJ stock traded down C$1.17 during midday trading on Monday, hitting C$70.11. 185,394 shares of the company’s stock were exchanged, compared to its average volume of 139,518. The stock’s fifty day moving average price is C$89.83 and its 200-day moving average price is C$88.24. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. The company has a market cap of C$3.82 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 2.40 and a beta of -0.15. Stella-Jones has a one year low of C$69.94 and a one year high of C$101.31.

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