Stella-Jones Inc. (TSE:SJ) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Stella-Jones has a “Moderate Buy” consensus rating from eight brokerages, with five buy ratings and three holds. The average 12-month price target is C$90.00.
• Several analysts recently lowered their price targets, including CIBC to C$82, Raymond James to C$83, Scotiabank to C$85, National Bank to C$92, and RBC to C$79.
• Shares opened at C$67.00, near their 52-week low of C$66.70 and below both the 50-day and 200-day moving averages. In its latest quarter, Stella-Jones reported C$1.59 EPS on C$1.04 billion in revenue.

Stella-Jones Inc. (TSE:SJ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$90.00.

Several equities research analysts recently issued reports on SJ shares. Canadian Imperial Bank of Commerce dropped their price target on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Raymond James Financial lowered 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 research note on Friday, August 7th. Scotiabank dropped their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a "sector outperform" rating on the stock in a report on Wednesday, August 12th. National Bank Financial dropped their target price on shares of Stella-Jones from C$95.00 to C$92.00 and set a "sector perform" rating on the stock in a report on Friday, August 7th. Finally, Royal Bank Of Canada reduced their price target on shares of Stella-Jones from C$82.00 to C$79.00 and set a "sector perform" rating on the stock in a research report on Friday, August 7th.

Stella-Jones Stock Down 0.8%

Shares of Stella-Jones stock opened at C$67.00 on Friday. The business has a 50-day moving average price of C$74.48 and a 200 day moving average price of C$81.20. Stella-Jones has a fifty-two week low of C$66.70 and a fifty-two week high of C$101.31. The firm has a market cap of C$3.66 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.40 and a beta of -0.16. The company has a quick ratio of 1.20, a current ratio of 5.25 and a debt-to-equity ratio of 75.40.

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

About Stella-Jones

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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