Stella-Jones (TSE:SJ) Hits New 12-Month Low - Here's What Happened

Key Points

• Stella-Jones shares hit a new 52-week low, falling to C$64.39 during Wednesday trading and last trading at C$64.88, down from the prior close of C$65.66.
• Analysts have recently lowered their price targets, but the stock retains a “Moderate Buy” consensus rating from eight analysts, with an average target of C$89.62.
• The company reported quarterly EPS of C$1.59 on revenue of C$1.04 billion, while maintaining a 12.35% return on equity and a 7.36% net margin.

Stella-Jones Inc. (TSE:SJ - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$64.39 and last traded at C$64.88, with a volume of 128517 shares traded. The stock had previously closed at C$65.66.

Wall Street Analysts Forecast Growth

SJ has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their price target on Stella-Jones from C$79.00 to C$76.00 in a report on Wednesday, September 30th. Desjardins cut their price objective on shares of Stella-Jones from C$104.00 to C$99.00 and set a "buy" rating on the stock in a report on Friday, August 7th. National Bank Financial decreased 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 research report on Friday, August 7th. 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 report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$89.62.

Stella-Jones Stock Down 1.2%

The stock has a fifty day moving average of C$70.94 and a two-hundred day moving average of C$77.80. The company has a quick ratio of 1.20, a current ratio of 5.25 and a debt-to-equity ratio of 75.40. The stock has a market cap of C$3.54 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 2.40 and a beta of -0.12.

Stella-Jones (TSE:SJ - Get Free Report) last announced its quarterly 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 during the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. As a group, analysts predict that Stella-Jones Inc. will post 6.4457565 EPS 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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