Stella-Jones (TSE:SJ) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Stella-Jones Inc. saw its share price rise above the 200-day moving average, reaching a high of C$77.51, with shares last trading at C$77.30.
• Analysts have mixed views on the stock, with target prices ranging from C$78.00 to C$90.00, resulting in an average price target of C$84.50 and an overall rating of "Buy."
• The company has a market cap of C$4.33 billion and a notable debt-to-equity ratio of 87.53, indicating significant leverage.

Stella-Jones Inc. (TSE:SJ - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$73.15 and traded as high as C$77.51. Stella-Jones shares last traded at C$77.30, with a volume of 56,533 shares traded.

Wall Street Analysts Forecast Growth

SJ has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on Stella-Jones from C$82.00 to C$78.00 and set a "sector perform" rating for the company in a report on Friday, August 8th. TD Securities raised their price target on Stella-Jones from C$88.00 to C$90.00 and gave the company a "buy" rating in a report on Friday, May 9th. Desjardins dropped their price target on Stella-Jones from C$94.00 to C$89.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, National Bankshares dropped their price target on Stella-Jones from C$93.00 to C$92.00 and set an "outperform" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$84.50.

Stella-Jones Price Performance

The company has a 50 day moving average price of C$78.75 and a 200 day moving average price of C$73.31. The company has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 2.40 and a beta of 0.01. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

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.