Stella-Jones (TSE:SJ) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Stella-Jones’ price target from C$79 to C$76, implying 11.7% upside from the previous close.
• Several analysts also reduced their targets, but sentiment remains positive: five analysts rate the stock Buy and three rate it Hold, producing a consensus “Moderate Buy” rating and C$89.62 average price target.
• Stella-Jones shares fell 2.3% to C$68.04, near the lower end of their 52-week range. The company recently reported quarterly EPS of C$1.59 and revenue of C$1.04 billion.

Stella-Jones (TSE:SJ - Get Free Report) had its price objective lowered by Royal Bank Of Canada from C$79.00 to C$76.00 in a research note issued on Wednesday, BayStreet reports. Royal Bank Of Canada's price target indicates a potential upside of 11.70% from the company's previous close.

Several other analysts also recently commented on SJ. Raymond James Financial reduced their target price on shares of Stella-Jones from C$90.00 to C$83.00 and set an "outperform" rating for the company in a report on Friday, August 7th. Scotiabank reduced their price objective on Stella-Jones from C$93.00 to C$85.00 and set a "sector outperform" rating for the company in a report on Wednesday, August 12th. Desjardins decreased their target price on Stella-Jones from C$104.00 to C$99.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce decreased their target price on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Finally, National Bank Financial lowered their target price on Stella-Jones from C$95.00 to C$92.00 and set a "sector perform" rating on the stock in a research note on Friday, August 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$89.62.

Stella-Jones Trading Down 2.3%

TSE:SJ traded down C$1.61 on Wednesday, reaching C$68.04. The company's stock had a trading volume of 64,236 shares, compared to its average volume of 172,458. Stella-Jones has a 1-year low of C$66.70 and a 1-year high of C$101.31. The business's 50-day moving average price is C$72.10 and its two-hundred day moving average price is C$78.85. The firm has a market cap of C$3.71 billion, a PE ratio of 14.42, a PEG ratio of 2.40 and a beta of -0.16. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25.

Stella-Jones (TSE:SJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.59 EPS for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%.The company had revenue of C$1.04 billion for the quarter. Equities research analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Stella-Jones Company Profile

Stella-Jones Inc TSX: SJ is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent's major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America's Class 1, short line and commercial railroad operators with treated wood railway ties.

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