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

Key Points

• Stella-Jones hit a new 52-week low, falling to C$62.66 intraday and last trading at C$62.85, down from its previous close of C$66.96.
• Several analysts cut their price targets, though five analysts rate the stock Buy and two Hold; MarketBeat reports a Moderate Buy consensus and an average target of C$89.62.
• The company reported quarterly EPS of C$1.39 and revenue of C$979 million. Analysts expect full-year earnings of C$6.45 per share.

Stella-Jones Inc. (TSE:SJ - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday. The company traded as low as C$62.66 and last traded at C$62.85, with a volume of 48,629 shares trading hands. The stock had previously closed at C$66.96.

Analyst Ratings Changes

Several analysts have weighed in on SJ shares. Canadian Imperial Bank of Commerce decreased their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Royal Bank Of Canada reduced their target price on Stella-Jones from C$79.00 to C$76.00 in a report on Wednesday, September 30th. Raymond James Financial decreased 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, August 7th. National Bank Financial dropped their price target on Stella-Jones from C$95.00 to C$92.00 and set a "sector perform" rating for the company in a report on Friday, August 7th. Finally, Scotiabank cut 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 research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Stella-Jones currently has an average rating of "Moderate Buy" and an average price target of C$89.62.

Stella-Jones Stock Performance

The stock's 50 day simple moving average is C$67.42 and its two-hundred day simple moving average is C$80.23. The company has a market capitalization of C$3.36 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.40 and a beta of -0.12. The company has a debt-to-equity ratio of 75.40, a current ratio of 5.25 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported C$1.39 EPS for the quarter. The business had revenue of C$979.00 million for the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. As a group, research analysts expect that Stella-Jones Inc. will post 6.45 earnings per share for the current 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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