Stella-Jones (TSE:SJ) Sets New 12-Month High – Still a Buy?

Stella-Jones Inc. (TSE:SJ) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$88.60 and last traded at C$88.60, with a volume of 35802 shares changing hands. The stock had previously closed at C$86.74.

Wall Street Analyst Weigh In

Several research firms have recently commented on SJ. Raymond James Financial set a C$100.00 target price on shares of Stella-Jones and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Scotiabank raised their price objective on shares of Stella-Jones from C$81.00 to C$88.00 in a research report on Friday, October 17th. CIBC dropped their target price on Stella-Jones from C$90.00 to C$89.00 in a research report on Friday, November 7th. Desjardins set a C$102.00 target price on Stella-Jones and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Royal Bank Of Canada upped their price objective on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$95.71.

Stella-Jones Price Performance

The firm has a market cap of C$4.91 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 2.40 and a beta of -0.24. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The company has a 50 day moving average price of C$84.38 and a 200 day moving average price of C$80.90.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$1.59 earnings per share (EPS) for the quarter. The firm had revenue of C$958.00 million during the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%. On average, sell-side analysts expect that Stella-Jones Inc. will post 6.4457565 EPS for the current year.

Insider Activity

In other Stella-Jones news, Director Michelle Annette Banik acquired 472 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of C$84.60 per share, for a total transaction of C$39,931.20. Following the transaction, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. This represents a ∞ increase in their ownership of the stock. 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.