Stella-Jones (TSE:SJ) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Stella-Jones Inc. (TSE:SJ)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$86.78 and traded as low as C$79.93. Stella-Jones shares last traded at C$80.68, with a volume of 205,291 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SJ shares. National Bank Financial cut Stella-Jones from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$107.00 to C$95.00 in a research report on Wednesday, April 8th. Scotiabank cut their price objective on 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. Canadian Imperial Bank of Commerce reduced their target price on shares of Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday. Desjardins lowered their target price on shares of Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, TD dropped their target price on shares of Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$94.38.

Stella-Jones Stock Down 0.2%

The company has a market cap of C$4.33 billion, a P/E ratio of 14.38, a PEG ratio of 2.40 and a beta of -0.07. The company has a debt-to-equity ratio of 80.71, a current ratio of 4.96 and a quick ratio of 1.20. The business’s 50 day moving average price is C$78.53 and its 200-day moving average price is C$86.68.

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

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Kevin Patrick Comerford purchased 500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$72.06 per share, with a total value of C$36,030.00. Following the completion of the acquisition, the director directly owned 6,176 shares of the company’s stock, valued at C$445,042.56. This represents a 8.81% increase in their position. Also, Director Anne Elizabeth Giardini purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$71.25 per share, with a total value of C$71,250.00. Following the completion of the acquisition, the director directly owned 3,400 shares of the company’s stock, valued at C$242,250. The trade was a 41.67% increase in their ownership of the stock. Over the last quarter, insiders have acquired 3,443 shares of company stock worth $247,814. 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.