Royal Bank Of Canada Cuts Stella-Jones (TSE:SJ) Price Target to C$85.00

Stella-Jones (TSE:SJ) had its price objective dropped by stock analysts at Royal Bank Of Canada from C$93.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 13.79% from the company’s previous close.

Several other brokerages have also weighed in on SJ. TD Securities raised their target price on Stella-Jones from C$97.00 to C$107.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. National Bank Financial cut Stella-Jones from an “outperform” rating to a “hold” rating and cut their target price for the stock from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Raymond James Financial reduced their price objective on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday. TD lowered their price objective on shares of Stella-Jones from C$107.00 to C$106.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Scotiabank reduced their target price on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 28th. Five 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, Stella-Jones currently has an average rating of “Moderate Buy” and a consensus target price of C$97.00.

Stella-Jones Trading Down 3.0%

TSE:SJ traded down C$2.31 during trading hours on Thursday, hitting C$74.70. The company had a trading volume of 243,548 shares, compared to its average volume of 134,032. Stella-Jones has a 1 year low of C$70.98 and a 1 year high of C$101.31. The company has a market cap of C$4.08 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.40 and a beta of -0.15. The company has a 50-day moving average of C$90.25 and a 200 day moving average of C$88.28. 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) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. Stella-Jones had a net margin of 9.65% and a return on equity of 16.67%. The business had revenue of C$791.00 million during the quarter. Sell-side analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current 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.