Stella-Jones (TSE:SJ) Price Target Lowered to C$85.00 at Scotiabank

Stella-Jones (TSE:SJ) had its price objective cut by research analysts at Scotiabank from C$93.00 to C$85.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 12.84% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Raymond James Financial reduced their price objective on shares of Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lowered their target price on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Desjardins dropped their price target on shares of Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. TD cut their price target on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, National Bank Financial decreased their price objective on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$90.00.

Stella-Jones Stock Down 2.6%

Stella-Jones stock traded down C$2.04 during mid-day trading on Wednesday, reaching C$75.33. The stock had a trading volume of 92,756 shares, compared to its average volume of 152,022. The firm has a market capitalization of C$4.11 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. Stella-Jones has a fifty-two week low of C$69.94 and a fifty-two week high of C$101.31. The stock’s 50-day simple moving average is C$79.47 and its 200-day simple moving average is C$85.15. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25.

Stella-Jones (TSE:SJ) last issued its earnings results on Thursday, August 6th. The company reported C$1.59 earnings per share (EPS) for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%.The company had revenue of C$1.04 billion for the quarter. On average, sell-side analysts forecast that Stella-Jones will post 6.4457565 EPS 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.