Stella-Jones (TSE:SJ - Free Report) had its target price trimmed by CIBC from C$86.00 to C$79.00 in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other research analysts also recently weighed in on the stock. Cibc World Mkts upgraded shares of Stella-Jones from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Scotiabank dropped their price target on Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$85.20.
Read Our Latest Research Report on Stella-Jones
Stella-Jones Stock Performance
TSE:SJ traded up C$0.84 during mid-day trading on Tuesday, reaching C$67.23. The company's stock had a trading volume of 26,763 shares, compared to its average volume of 137,553. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The stock has a market cap of C$3.76 billion, a P/E ratio of 11.74, a PEG ratio of 2.40 and a beta of 0.64. The firm's fifty day moving average price is C$67.51 and its two-hundred day moving average price is C$72.46. Stella-Jones has a 12-month low of C$62.26 and a 12-month high of C$98.00.
Stella-Jones Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 1st were given a $0.31 dividend. This is an increase from Stella-Jones's previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.84%. Stella-Jones's dividend payout ratio (DPR) is presently 19.56%.
Insider Activity
In related news, Director James Augustus Manzi sold 1,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of C$65.79, for a total value of C$65,788.60. Insiders own 0.14% of the company's stock.
About Stella-Jones
(
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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.
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