Stella-Jones (TSE:SJ) Reaches New 52-Week High – Should You Buy?

Shares of Stella-Jones Inc. (TSE:SJ) hit a new 52-week high on Monday . The stock traded as high as C$88.88 and last traded at C$88.49, with a volume of 24928 shares. The stock had previously closed at C$88.81.

Analyst Upgrades and Downgrades

SJ has been the subject of several research analyst reports. National Bankshares upped their price target on shares of Stella-Jones from C$95.00 to C$107.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Scotiabank upped their price objective on Stella-Jones from C$81.00 to C$88.00 in a report on Friday, October 17th. Desjardins set a C$102.00 target price on Stella-Jones and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Securities lifted their target price on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Raymond James Financial set a C$100.00 price target on Stella-Jones and gave the company an “outperform” rating in a research report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Stella-Jones has an average rating of “Moderate Buy” and a consensus target price of C$95.71.

Stella-Jones Stock Down 0.3%

The firm’s 50-day moving average price is C$85.31 and its 200-day moving average price is C$81.29. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. The company has a market cap of C$4.86 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 2.40 and a beta of -0.24.

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

Insider Buying and Selling at Stella-Jones

In related news, Director Michelle Annette Banik bought 472 shares of the stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of C$84.60 per share, for a total transaction of C$39,931.20. Following the completion of the purchase, the director owned 472 shares in the company, valued at C$39,931.20. This represents a ∞ increase in their ownership of the stock. 0.14% of the stock is owned by 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.