Stella-Jones Inc. (TSE:SJ - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.
Wall Street Analyst Weigh In
SJ has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price target on Stella-Jones from C$75.00 to C$76.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank decreased their price target on Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. CIBC decreased their price target on 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. TD Securities raised their price objective 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. Finally, Desjardins cut their price objective on Stella-Jones from C$98.00 to C$94.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Stella-Jones has an average rating of "Buy" and an average price target of C$86.17.
View Our Latest Stock Analysis on SJ
Stella-Jones Stock Performance
The company has a market cap of C$4.21 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a fifty day moving average of C$68.74 and a two-hundred day moving average of C$69.85. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85.
Stella-Jones Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.31 per share. This is an increase from Stella-Jones's previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.65%. Stella-Jones's payout ratio is presently 19.56%.
Insider Transactions 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 stock was sold at an average price of C$65.79, for a total value of C$65,788.60. Corporate insiders own 0.14% of the company's stock.
About Stella-Jones
(
Get Free Report)
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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