Stella-Jones (TSE:SJ) Price Target Lowered to C$88.00 at TD Securities

Stella-Jones (TSE:SJ - Free Report) had its target price cut by TD Securities from C$103.00 to C$88.00 in a report published on Thursday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Scotiabank cut their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. National Bankshares lifted their price target on Stella-Jones from C$91.00 to C$99.00 and gave the stock an "outperform" rating in a report on Tuesday, July 16th. Royal Bank of Canada decreased their price objective on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday. Finally, CIBC decreased their target price on shares of Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stella-Jones currently has a consensus rating of "Moderate Buy" and an average price target of C$88.00.

Stella-Jones Stock Performance

SJ stock traded down C$1.11 during trading hours on Thursday, reaching C$74.26. The stock had a trading volume of 388,398 shares, compared to its average volume of 138,811. The stock has a market capitalization of C$4.18 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The stock has a 50-day simple moving average of C$89.52 and a 200 day simple moving average of C$87.72. Stella-Jones has a fifty-two week low of C$71.41 and a fifty-two week high of C$98.00. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$1.96 by C($0.02). The business had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.07 billion. Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. Analysts predict that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Stella-Jones Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be issued a $0.28 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.51%. Stella-Jones's payout ratio is currently 18.09%.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is currently owned by insiders.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.