Stella-Jones (TSE:SJ) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Stella-Jones Inc. (TSE:SJ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$70.11 and traded as high as C$76.10. Stella-Jones shares last traded at C$75.95, with a volume of 48,684 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SJ. Royal Bank of Canada upped their price objective on shares of Stella-Jones from C$75.00 to C$76.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. TD Securities upped their price objective on shares of Stella-Jones from C$88.00 to C$90.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Scotiabank decreased their price target on shares of Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. CIBC decreased their price target on shares of Stella-Jones from C$86.00 to C$79.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Desjardins decreased their price target on shares of Stella-Jones from C$98.00 to C$94.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$86.17.

Stella-Jones Price Performance

The company's fifty day moving average is C$68.12 and its two-hundred day moving average is C$70.11. The firm has a market capitalization of C$4.25 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 1st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.63%. This is an increase from Stella-Jones's previous quarterly dividend of $0.28. Stella-Jones's dividend payout ratio (DPR) is 19.56%.

Insider Activity at Stella-Jones

In other news, Director James Augustus Manzi sold 1,000 shares of Stella-Jones stock in a transaction dated Friday, April 4th. The shares were sold at an average price of C$65.79, for a total value of C$65,788.60. 0.14% of the stock is owned by insiders.

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.

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