Royal Bank of Canada Lowers Stella-Jones (TSE:SJ) Price Target to C$81.00

Stella-Jones (TSE:SJ - Free Report) had its price objective trimmed by Royal Bank of Canada from C$97.00 to C$81.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Scotiabank dropped their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. TD Securities raised their price target on Stella-Jones from C$98.00 to C$103.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. National Bankshares upped their price objective on Stella-Jones from C$91.00 to C$99.00 and gave the company an "outperform" rating in a research report on Tuesday, July 16th. Finally, CIBC lifted their target price on Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Stella-Jones has a consensus rating of "Moderate Buy" and an average price target of C$88.00.

Stella-Jones Trading Down 1.5 %

Shares of Stella-Jones stock traded down C$1.11 on Thursday, reaching C$74.26. The company had a trading volume of 388,398 shares, compared to its average volume of 138,811. The firm's 50-day moving average price is C$89.52 and its two-hundred day moving average price is C$87.72. Stella-Jones has a 1 year low of C$71.41 and a 1 year high of C$98.00. The firm has a market cap of C$4.18 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.40 and a beta of 0.64. 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 results on Wednesday, August 7th. The company reported C$1.94 EPS for the quarter, missing analysts' consensus estimates of C$1.96 by C($0.02). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. The firm had revenue of C$1.05 billion for the quarter, compared to analysts' expectations of C$1.07 billion. As a group, research analysts predict that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Stella-Jones Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, December 2nd. Stella-Jones's payout ratio is 18.09%.

Insider Activity at Stella-Jones

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction dated 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 corporate 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.