Stella-Jones (TSE:SJ) Sets New 52-Week Low After Analyst Downgrade

Shares of Stella-Jones Inc. (TSE:SJ) reached a new 52-week low during trading on Thursday after Royal Bank Of Canada lowered their price target on the stock from C$79.00 to C$76.00. The stock traded as low as C$66.43 and last traded at C$66.75, with a volume of 12923 shares. The stock had previously closed at C$67.45.

Several other research analysts have also recently issued reports on SJ. National Bank Financial dropped their price objective on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Scotiabank decreased their target price on Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce dropped their price target on Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. Desjardins cut their price target on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Raymond James Financial decreased their price objective on 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. 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.com, Stella-Jones presently has a consensus rating of “Moderate Buy” and a consensus price target of C$89.62.

Stella-Jones Trading Down 1.4%

The company has a current ratio of 5.25, a quick ratio of 1.20 and a debt-to-equity ratio of 75.40. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.40 and a beta of -0.16. The company has a 50-day moving average price of C$71.92 and a 200 day moving average price of C$78.65.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.59 earnings per share 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, research analysts forecast that Stella-Jones Inc. will post 6.4457565 earnings per share for the current fiscal year.

About Stella-Jones

Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.