Stella-Jones (TSE:SJ) Price Target Cut to C$99.00 by Analysts at Desjardins

Key Points

• Desjardins lowered Stella-Jones’ price target to C$99 from C$104 while maintaining a “buy” rating, implying approximately 30.7% upside from the prior close.
• Several analysts also reduced their targets, but overall sentiment remains positive: five analysts rate the stock Buy and three rate it Hold, producing a consensus “Moderate Buy” rating and average target of C$91.50.
• Stella-Jones shares rose 1.5% to C$75.76 in Friday trading. The company recently reported quarterly EPS of C$1.59 and revenue of C$1.04 billion, while insiders purchased 3,443 shares over the past quarter.

Stella-Jones (TSE:SJ - Get Free Report) had its price objective cut by analysts at Desjardins from C$104.00 to C$99.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 30.68% from the stock's previous close.

Several other equities research analysts have also recently issued reports on SJ. Raymond James Financial cut their target price on Stella-Jones from C$90.00 to C$83.00 and set an "outperform" rating for the company in a research note on Friday. Scotiabank lowered their price target 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. TD cut their price objective on Stella-Jones from C$106.00 to C$93.00 and set a "buy" rating for the company in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Finally, Royal Bank Of Canada decreased their target price on shares of Stella-Jones from C$85.00 to C$82.00 in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$91.50.

Stella-Jones Trading Up 1.5%

Shares of Stella-Jones stock traded up C$1.14 during mid-day trading on Friday, hitting C$75.76. The stock had a trading volume of 114,554 shares, compared to its average volume of 150,135. The firm has a 50-day moving average of C$79.50 and a two-hundred day moving average of C$85.39. Stella-Jones has a 12-month low of C$69.94 and a 12-month high of C$101.31. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The firm has a market cap of C$4.13 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07.

Stella-Jones (TSE:SJ - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.59 EPS for the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. The firm had revenue of C$1.04 billion for the quarter. Sell-side analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current year.

Insider Buying and Selling at Stella-Jones

In other news, Director Kenner James acquired 937 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of C$73.22 per share, with a total value of C$68,607.14. Following the completion of the purchase, the director owned 1,834 shares of the company's stock, valued at C$134,285.48. This represents a 104.46% increase in their position. Also, Director Kevin Patrick Comerford acquired 500 shares of the company's stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of C$72.06 per share, with a total value of C$36,030.00. Following the completion of the purchase, the director directly owned 6,176 shares of the company's stock, valued at approximately C$445,042.56. This represents a 8.81% increase in their position. Insiders have bought a total of 3,443 shares of company stock valued at $247,814 over the last quarter. 0.14% of the stock is owned by company insiders.

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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