Raymond James Financial Cuts Stella-Jones (TSE:SJ) Price Target to C$83.00

Stella-Jones (TSE:SJ) had its price objective decreased by equities research analysts at Raymond James Financial from C$90.00 to C$83.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 9.56% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce reduced their price objective on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Scotiabank lowered their target price on Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 28th. TD dropped their target price on 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. Desjardins cut their price target on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada decreased their price target on Stella-Jones from C$85.00 to C$82.00 in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Stella-Jones has a consensus rating of “Moderate Buy” and an average price target of C$91.50.

Stella-Jones Price Performance

SJ traded up C$1.14 during midday trading on Friday, hitting C$75.76. The company had a trading volume of 114,554 shares, compared to its average volume of 150,135. 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$4.13 billion, a PE ratio of 13.72, a P/E/G ratio of 2.40 and a beta of -0.07. Stella-Jones has a twelve month low of C$69.94 and a twelve month high of C$101.31. The firm’s 50-day simple moving average is C$79.50 and its 200-day simple moving average is C$85.39.

Stella-Jones (TSE:SJ) last announced its earnings results on Thursday, August 6th. The company reported C$1.59 earnings per share (EPS) for the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. The company had revenue of C$1.04 billion for the quarter. Equities research analysts predict that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director Anne Elizabeth Giardini acquired 1,000 shares of Stella-Jones stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of C$71.25 per share, with a total value of C$71,250.00. Following the completion of the purchase, the director owned 3,400 shares in the company, valued at C$242,250. The trade was a 41.67% increase in their ownership of the stock. Also, Director Kenner James bought 937 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of C$73.22 per share, with a total value of C$68,607.14. Following the acquisition, the director directly owned 1,834 shares in the company, valued at approximately C$134,285.48. This trade represents a 104.46% increase in their position. Over the last ninety days, insiders have acquired 3,443 shares of company stock valued at $247,814. 0.14% of the stock is currently owned by insiders.

Stella-Jones Company Profile

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.