TD Cuts Stella-Jones (TSE:SJ) Price Target to C$106.00

Key Points

• TD Securities trimmed its target on Stella-Jones to C$106 (from C$107) but maintained a buy rating, with that target implying about a 26.99% upside from the current share price.
• Several other brokers have lowered targets recently; the Street consensus is a Moderate Buy (5 Buy, 3 Hold) with an average price target of C$99.50.
• Stella-Jones is trading around C$83.47, has a market cap of C$4.56B and a P/E of 13.71, and reported quarterly EPS of C$0.91 on C$727M in revenue.

Stella-Jones (TSE:SJ - Get Free Report) had its target price reduced by analysts at TD from C$107.00 to C$106.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD's target price points to a potential upside of 26.99% from the company's current price.

Several other brokerages also recently weighed in on SJ. TD Securities lifted their price objective on shares of Stella-Jones from C$97.00 to C$107.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. National Bank Financial lowered Stella-Jones from an "outperform" rating to a "hold" rating and lowered their price target for the company from C$107.00 to C$95.00 in a report on Wednesday, April 8th. Canadian Imperial Bank of Commerce lowered their price target on Stella-Jones from C$102.00 to C$96.00 in a report on Wednesday, April 22nd. Scotiabank lowered their price target on Stella-Jones from C$99.00 to C$97.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada lowered their price target on Stella-Jones from C$95.00 to C$93.00 and set a "sector perform" rating on the stock in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$99.50.

Stella-Jones Stock Performance

TSE:SJ traded up C$2.02 during mid-day trading on Tuesday, hitting C$83.47. The stock had a trading volume of 63,525 shares, compared to its average volume of 129,315. The stock has a market capitalization of C$4.56 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 2.40 and a beta of -0.11. The company has a 50 day simple moving average of C$90.89 and a 200-day simple moving average of C$88.30. Stella-Jones has a 52 week low of C$67.21 and a 52 week high of C$101.31. The company has a current ratio of 7.40, a quick ratio of 1.20 and a debt-to-equity ratio of 92.30.

Stella-Jones (TSE:SJ - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.65% and a return on equity of 16.67%. On average, research analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

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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