Scotiabank Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price decreased by equities researchers at Scotiabank from C$79.00 to C$76.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank‘s price target points to a potential upside of 19.14% from the company’s previous close.

Several other research analysts have also recently commented on the company. Royal Bank Of Canada reduced their target price on Stella-Jones from C$79.00 to C$76.00 in a research report on Wednesday, September 30th. Desjardins lowered 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 report on Friday, August 7th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. National Bank Financial dropped their price objective on shares of Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$81.62.

Stella-Jones Stock Performance

Stella-Jones stock traded up C$1.87 during trading hours on Thursday, hitting C$63.79. The stock had a trading volume of 215,202 shares, compared to its average volume of 171,178. The company has a 50-day moving average of C$67.27 and a two-hundred day moving average of C$80.09. The company has a quick ratio of 1.20, a current ratio of 5.25 and a debt-to-equity ratio of 75.40. Stella-Jones has a fifty-two week low of C$58.37 and a fifty-two week high of C$101.31. The company has a market cap of C$3.48 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 2.40 and a beta of -0.12.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. The company had revenue of C$979.00 million for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. On average, equities research analysts anticipate that Stella-Jones will post 6.45 EPS 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.