Stella-Jones (TSE:SJ) Cut to "Hold" at Cibc World Mkts

Key Points

• Stella-Jones has been downgraded from a "strong-buy" to a "hold" rating by CIBC World Markets, with a new target price set at C$89.00.
• Other analysts have varied opinions, with Desjardins raising their target price to C$92.00 and giving a "buy" rating, while National Bankshares increased theirs to C$95.00 with an "outperform" rating.
• The stock currently has a consensus rating of "Moderate Buy" and a target price of C$90.17, amidst a market capitalization of C$4.32 billion and a price-to-earnings ratio of 13.15.

Stella-Jones (TSE:SJ - Get Free Report) was downgraded by analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. CIBC cut Stella-Jones from an "outperform" rating to a "neutral" rating and set a C$89.00 target price for the company. in a research note on Wednesday. Desjardins increased their target price on Stella-Jones from C$89.00 to C$92.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Royal Bank Of Canada increased their target price on Stella-Jones from C$78.00 to C$87.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 8th. Scotiabank increased their target price on Stella-Jones from C$81.00 to C$88.00 in a research note on Friday, October 17th. Finally, National Bankshares increased their target price on Stella-Jones from C$92.00 to C$95.00 and gave the stock an "outperform" rating in a research note on Thursday, October 9th. Three equities research 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$90.17.

Stella-Jones Stock Performance

Shares of TSE:SJ opened at C$78.12 on Tuesday. The company has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.40 and a beta of -0.07. The firm's 50 day simple moving average is C$78.97 and its 200 day simple moving average is C$76.18. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. Stella-Jones has a fifty-two week low of C$62.26 and a fifty-two week high of C$88.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.