Stella-Jones (TSE:SJ) Given New C$85.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on Stella-Jones from C$93.00 to C$85.00 and kept a "sector perform" rating, a target that implies roughly a 13.8% upside from the prior close.
• Analyst consensus remains cautiously positive with five Buys and three Holds, giving a consensus rating of "Moderate Buy" and an average target of C$97.00.
• Shares traded down about 3.0% to C$74.70 on above-average volume; the stock has a market cap of C$4.08B, a P/E of 12.27, and the company recently reported C$1.12 EPS on C$791M revenue for the quarter.

Stella-Jones (TSE:SJ - Get Free Report) had its price objective decreased by stock analysts at Royal Bank Of Canada from C$93.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 13.79% from the company's previous close.

A number of other brokerages also recently commented on SJ. TD Securities boosted their target price on shares of Stella-Jones from C$97.00 to C$107.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. TD decreased their price objective on Stella-Jones from C$107.00 to C$106.00 and set a "buy" rating for the company in a report on Tuesday. Scotiabank dropped their target price on Stella-Jones from C$99.00 to C$97.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 28th. National Bank Financial lowered Stella-Jones from an "outperform" rating to a "hold" rating and reduced their target price for the company from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Finally, Raymond James Financial lowered their price target on Stella-Jones from C$100.00 to C$95.00 and set an "outperform" rating for the company in a report on Thursday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$97.00.

Stella-Jones Trading Down 3.0%

TSE:SJ traded down C$2.31 during mid-day trading on Thursday, hitting C$74.70. 243,548 shares of the stock traded hands, compared to its average volume of 134,032. 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 stock has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 2.40 and a beta of -0.15. Stella-Jones has a 52 week low of C$70.98 and a 52 week high of C$101.31. The firm's 50 day moving average is C$90.25 and its two-hundred day moving average is C$88.28.

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

About Stella-Jones

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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