Raymond James Financial Cuts Stella-Jones (TSE:SJ) Price Target to C$95.00

Key Points

• Raymond James cut its price target on Stella-Jones from C$100 to C$95 while maintaining an "outperform" rating, implying roughly a 27.18% upside from the prior close.
• Several other brokers also trimmed targets (consensus price target C$97), and analyst coverage stands at five Buys and three Holds, giving a MarketBeat average rating of "Moderate Buy".
• The stock traded down to C$74.70 on higher-than-normal volume; Stella-Jones reported quarterly EPS of C$1.12 and revenue of C$791M, with a market cap of C$4.08B and a P/E of 12.27.

Stella-Jones (TSE:SJ - Get Free Report) had its price target decreased by equities research analysts at Raymond James Financial from C$100.00 to C$95.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's price objective indicates a potential upside of 27.18% from the company's previous close.

SJ has been the subject of a number of other reports. Canadian Imperial Bank of Commerce decreased their price objective on Stella-Jones from C$96.00 to C$87.00 in a report on Thursday. TD cut their price target on Stella-Jones from C$107.00 to C$106.00 and set a "buy" rating on the stock in a report on Tuesday. National Bank Financial downgraded Stella-Jones from an "outperform" rating to a "hold" rating and decreased their price objective for the company from C$107.00 to C$95.00 in a report on Wednesday, April 8th. Royal Bank Of Canada reduced their price objective on Stella-Jones from C$95.00 to C$93.00 and set a "sector perform" rating for the company in a report on Monday, April 13th. Finally, Scotiabank decreased their price objective on Stella-Jones from C$99.00 to C$97.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$97.00.

Stella-Jones Price Performance

Shares of TSE:SJ traded down C$2.31 during trading on Thursday, hitting C$74.70. 243,548 shares of the company were exchanged, compared to its average volume of 134,032. Stella-Jones has a 1-year low of C$70.98 and a 1-year high of C$101.31. The company has a market capitalization of C$4.08 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 2.40 and a beta of -0.15. The company has a quick ratio of 1.20, a current ratio of 7.40 and a debt-to-equity ratio of 92.30. The business's 50 day moving average is C$90.25 and its 200-day moving average is C$88.28.

Stella-Jones (TSE:SJ - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. Stella-Jones had a return on equity of 16.67% and a net margin of 9.65%.The business had revenue of C$791.00 million for the quarter. Equities analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current year.

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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