Stella-Jones (TSE:SJ) Upgraded to “Outperform” at CIBC

Stella-Jones (TSE:SJ) was upgraded by stock analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a C$86.00 price objective on the stock, up from their prior price objective of C$83.00. CIBC’s price target would indicate a potential upside of 24.31% from the company’s current price.

Several other research analysts also recently commented on SJ. Royal Bank of Canada dropped their target price on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. TD Securities reduced their price target on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank reduced their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$88.50.

Stella-Jones Stock Up 5.3 %

Shares of SJ traded up C$3.49 during trading hours on Wednesday, reaching C$69.18. The company’s stock had a trading volume of 286,678 shares, compared to its average volume of 224,913. Stella-Jones has a 1-year low of C$65.43 and a 1-year high of C$98.00. 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 cap of C$3.90 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a 50 day moving average of C$71.47 and a two-hundred day moving average of C$83.88.

Insider Buying and Selling at Stella-Jones

In related news, Senior Officer Richard Cuddihy purchased 500 shares of Stella-Jones stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Patrick Kirkham acquired 2,035 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average price of C$70.36 per share, with a total value of C$143,179.34. In the last 90 days, insiders acquired 12,785 shares of company stock worth $896,221. 0.14% of the stock is owned by corporate insiders.

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.