Stella-Jones (TSE:SJ) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Stella-Jones Inc. (TSE:SJ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$81.64 and traded as high as C$88.91. Stella-Jones shares last traded at C$88.73, with a volume of 46,164 shares changing hands.

Analyst Ratings Changes

Several brokerages have issued reports on SJ. TD Securities upped their target price on Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Cibc World Mkts cut Stella-Jones from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. CIBC reduced their price objective on shares of Stella-Jones from C$90.00 to C$89.00 in a research report on Friday, November 7th. National Bankshares upped their target price on Stella-Jones from C$95.00 to C$107.00 and gave the stock an “outperform” rating in a report on Monday, December 15th. Finally, Royal Bank Of Canada increased their target price on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$95.71.

Stella-Jones Stock Up 1.4%

The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53. The company has a fifty day simple moving average of C$86.07 and a 200 day simple moving average of C$81.75. The firm has a market capitalization of C$4.89 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.40 and a beta of -0.24.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share 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, equities analysts expect that Stella-Jones Inc. will post 6.4457565 EPS for the current fiscal year.

Insider Buying and Selling at Stella-Jones

In other news, Director Michelle Annette Banik purchased 472 shares of Stella-Jones stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of C$84.60 per share, with a total value of C$39,931.20. Following the completion of the transaction, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. The trade was 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.