Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price dropped by equities research analysts at Canadian Imperial Bank of Commerce from C$87.00 to C$82.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 4.26% from the company’s previous close.

A number of other equities research analysts have also recently commented on SJ. TD cut their target price on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Desjardins lowered their price target on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Royal Bank Of Canada lowered their price target on Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. Scotiabank dropped their price target on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 28th. Finally, Raymond James Financial cut their price objective on shares of Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$94.38.

Stella-Jones Stock Down 1.1%

Shares of SJ traded down C$0.88 during mid-day trading on Thursday, reaching C$78.65. The company had a trading volume of 106,099 shares, compared to its average volume of 148,783. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. The company has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. The firm has a 50-day moving average price of C$78.63 and a 200 day moving average price of C$86.72. Stella-Jones has a 52 week low of C$69.94 and a 52 week high of C$101.31.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. The company had revenue of C$791.00 million during the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. On average, sell-side analysts forecast that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Activity at Stella-Jones

In other Stella-Jones news, Director Kenner James bought 937 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of C$73.22 per share, with a total value of C$68,607.14. Following the transaction, the director owned 1,834 shares in the company, valued at C$134,285.48. This represents a 104.46% increase in their ownership of the stock. Also, Director Kevin Patrick Comerford bought 500 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average price of C$72.06 per share, for a total transaction of C$36,030.00. Following the purchase, the director directly owned 6,176 shares in the company, valued at approximately C$445,042.56. This trade represents a 8.81% increase in their position. Insiders have acquired 3,443 shares of company stock valued at $247,814 over the last ninety days. Insiders own 0.14% of the company’s stock.

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.