Stella-Jones Inc. (TSE:SJ) Receives Average Rating of “Moderate Buy” from Analysts

Stella-Jones Inc. (TSE:SJ) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$88.00.

SJ has been the subject of several recent analyst reports. National Bankshares raised their target price on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. CIBC decreased their price objective on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. TD Securities cut their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Scotiabank decreased their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price target on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th.

Stella-Jones Trading Down 0.4 %

TSE:SJ opened at C$70.72 on Wednesday. The stock has a fifty day simple moving average of C$88.30 and a 200 day simple moving average of C$87.59. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The firm has a market capitalization of C$3.99 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. Stella-Jones has a 1-year low of C$69.76 and a 1-year high of C$98.00.

Stella-Jones Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.58%. Stella-Jones’s dividend payout ratio is 18.09%.

Insider Buying and Selling at Stella-Jones

In related news, Director James Augustus Manzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. Corporate insiders own 0.14% of the company’s stock.

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.