National Bank Financial Lowers Stella-Jones (TSE:SJ) Price Target to C$92.00

Key Points

• National Bank Financial lowered Stella-Jones’ price target to C$92 from C$95 while maintaining a “sector perform” rating, implying 21.44% upside from the stock’s C$75.76 price.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of C$91.50.
• Stella-Jones shares rose 1.5% to C$75.76, while recent quarterly results included C$1.59 in EPS and C$1.04 billion in revenue; insiders have also purchased 3,443 shares over the past three months.

Stella-Jones (TSE:SJ - Get Free Report) had its price target reduced by investment analysts at National Bank Financial from C$95.00 to C$92.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's price target would indicate a potential upside of 21.44% from the company's current price.

Several other equities analysts have also issued reports on SJ. Raymond James Financial reduced their price target on Stella-Jones from C$90.00 to C$83.00 and set an "outperform" rating on the stock in a research report on Friday. TD dropped their price objective on Stella-Jones from C$106.00 to C$93.00 and set a "buy" rating for the company in a research note on Monday, May 11th. Scotiabank cut their target price on shares of Stella-Jones from C$99.00 to C$97.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce decreased their target price on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Finally, Desjardins lowered their price target on shares of Stella-Jones from C$107.00 to C$104.00 and set a "buy" rating for the company in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$91.50.

Stella-Jones Trading Up 1.5%

TSE SJ traded up C$1.14 during trading on Friday, hitting C$75.76. 114,554 shares of the company's stock traded hands, compared to its average volume of 150,135. The stock has a fifty day moving average of C$79.50 and a two-hundred day moving average of C$85.39. Stella-Jones has a 12-month low of C$69.94 and a 12-month high of C$101.31. The firm has a market cap of C$4.13 billion, a P/E ratio of 13.72, a PEG ratio of 2.40 and a beta of -0.07. The company has a debt-to-equity ratio of 80.71, a current ratio of 4.96 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.59 EPS for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%.The firm had revenue of C$1.04 billion for the quarter. As a group, sell-side analysts expect that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Activity

In other Stella-Jones news, Director Kenner James bought 937 shares of the firm's stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of C$73.22 per share, for a total transaction of C$68,607.14. Following the completion of the acquisition, the director directly owned 1,834 shares in the company, valued at C$134,285.48. The trade was a 104.46% increase in their ownership of the stock. Also, Director Anne Elizabeth Giardini purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$71.25 per share, with a total value of C$71,250.00. Following the purchase, the director directly owned 3,400 shares of the company's stock, valued at C$242,250. This trade represents a 41.67% increase in their ownership of the stock. Over the last three months, insiders have acquired 3,443 shares of company stock valued at $247,814. Company insiders own 0.14% of the company's stock.

Stella-Jones Company Profile

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. The vast majority of its revenue comes from the Pressure-treated wood segment.

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