Stella-Jones (TSE:SJ) Price Target Cut to C$93.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target for Stella-Jones to C$93.00 (from C$95.00) and maintained a "sector perform" rating, implying roughly an 8.66% upside from the then-current share price.
• Analyst sentiment is mildly positive overall — MarketBeat shows a "Moderate Buy" consensus with an average target of C$99.29; four analysts rate the stock Buy and three rate it Hold, with TD, Scotiabank and CIBC recently raising targets while National Bank trimmed its rating/target.
• Shares traded at C$85.59 midday, below the 50-day average (C$94.81); the company reported quarterly EPS of C$0.91 and revenue of C$727M, with a market cap of C$4.67B and a P/E of 14.05.

Stella-Jones (TSE:SJ - Get Free Report) had its price objective lowered by stock analysts at Royal Bank Of Canada from C$95.00 to C$93.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 8.66% from the company's current price.

Other analysts also recently issued reports about the company. Scotiabank upgraded Stella-Jones from a "hold" rating to an "outperform" rating and upped their price objective for the stock from C$88.00 to C$98.00 in a research report on Thursday, January 29th. TD Securities increased their price target on Stella-Jones from C$97.00 to C$107.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Canadian Imperial Bank of Commerce raised their target price on Stella-Jones from C$90.00 to C$100.00 in a research note on Friday, February 6th. Finally, National Bank Financial cut Stella-Jones from an "outperform" rating to a "hold" rating and decreased their target price for the stock from C$107.00 to C$95.00 in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$99.29.

Stella-Jones Stock Down 0.3%

Stella-Jones stock traded down C$0.30 during midday trading on Monday, reaching C$85.59. The stock had a trading volume of 55,521 shares, compared to its average volume of 127,344. The firm's fifty day simple moving average is C$94.81 and its 200-day simple moving average is C$87.91. Stella-Jones has a 1-year low of C$65.27 and a 1-year high of C$101.31. The stock has a market capitalization of C$4.67 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 2.40 and a beta of -0.11. The company has a debt-to-equity ratio of 92.30, a quick ratio of 1.20 and a current ratio of 7.40.

Stella-Jones (TSE:SJ - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share for the quarter. The firm had revenue of C$727.00 million for the quarter. Stella-Jones had a return on equity of 16.67% and a net margin of 9.65%. As a group, analysts expect that Stella-Jones will post 6.4457565 EPS for the current fiscal 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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