Stella-Jones (TSE:SJ) Price Target Cut to C$88.00 by Analysts at TD Securities

Stella-Jones (TSE:SJ) had its price objective lowered by TD Securities from C$103.00 to C$88.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. National Bankshares upped their price objective on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Scotiabank lowered their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. CIBC cut their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday. Finally, Royal Bank of Canada lowered their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$88.00.

Stella-Jones Price Performance

Shares of SJ traded down C$1.71 during mid-day trading on Thursday, hitting C$72.55. 143,409 shares of the company traded hands, compared to its average volume of 138,820. Stella-Jones has a one year low of C$71.41 and a one year high of C$98.00. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08. The business has a 50-day moving average of C$89.52 and a 200 day moving average of C$87.72. The stock has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.96 by C($0.02). The business had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.07 billion. Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. As a group, equities analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Stella-Jones Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.54%. Stella-Jones’s payout ratio is 18.09%.

Insider Activity at Stella-Jones

In related news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$92.92, for a total value of C$464,583.48. 0.14% of the stock is owned by insiders.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.