Canadian Imperial Bank of Commerce Issues Positive Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target lifted by Canadian Imperial Bank of Commerce from C$90.00 to C$100.00 in a report published on Friday,BayStreet.CA reports.

SJ has been the topic of a number of other reports. Scotiabank upgraded Stella-Jones from a “hold” rating to an “outperform” rating and raised their target price for the company from C$88.00 to C$98.00 in a research report on Thursday, January 29th. TD Securities raised their price objective on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Desjardins set a C$102.00 price objective on Stella-Jones and gave the company a “buy” rating in a research report on Friday, December 12th. National Bankshares increased their target price on Stella-Jones from C$95.00 to C$107.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. Finally, Raymond James Financial set a C$100.00 price target on shares of Stella-Jones and gave the company an “outperform” rating in a research note on Thursday, November 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$98.71.

Stella-Jones Trading Up 0.3%

Stella-Jones stock opened at C$97.82 on Friday. The firm has a market cap of C$5.37 billion, a PE ratio of 16.01, a P/E/G ratio of 2.40 and a beta of -0.17. Stella-Jones has a 12 month low of C$62.26 and a 12 month high of C$99.60. The stock’s 50 day simple moving average is C$88.05 and its two-hundred day simple moving average is C$82.75. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share (EPS) for the quarter. Stella-Jones had a net margin of 9.43% and a return on equity of 18.36%. The firm had revenue of C$958.00 million for the quarter. Analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current year.

Insiders Place Their Bets

In other Stella-Jones news, Director Michelle Annette Banik acquired 472 shares of the stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of C$84.60 per share, with a total value of C$39,931.20. Following the completion of the purchase, the director owned 472 shares in the company, valued at C$39,931.20. This trade represents a ∞ increase in their position. 0.14% of the stock is currently 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. The vast majority of its revenue comes from the Pressure-treated wood segment.