Raymond James Financial Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price objective reduced by Raymond James Financial from C$83.00 to C$80.00 in a note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price target would indicate a potential upside of 25.41% from the company’s previous close.

Several other equities analysts have also commented on the stock. Desjardins decreased their price objective on shares of Stella-Jones from C$99.00 to C$77.00 and set a “buy” rating on the stock in a report on Thursday. Canadian Imperial Bank of Commerce dropped their target price on shares of Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. TD dropped their target price on shares of Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating for the company in a report on Thursday. National Bank Financial cut their target price on Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Scotiabank decreased their price target on Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$81.62.

Stella-Jones Trading Up 3.0%

SJ traded up C$1.87 on Thursday, hitting C$63.79. The company had a trading volume of 215,202 shares, compared to its average volume of 171,178. The company’s fifty day moving average price is C$67.27 and its 200 day moving average price is C$80.09. Stella-Jones has a 1 year low of C$58.37 and a 1 year high of C$101.31. 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 firm has a market cap of C$3.48 billion, a P/E ratio of 13.51, a PEG ratio of 2.40 and a beta of -0.12.

Stella-Jones (TSE:SJ) last announced its earnings results on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. The company had revenue of C$979.00 million during the quarter. As a group, equities analysts expect that Stella-Jones will post 6.45 earnings per share for the current year.

Stella-Jones Company Profile

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.