Stella-Jones (TSE:SJ) Stock Price Target Cut by Raymond James Financial

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

A number of other equities research analysts have also issued reports on the company. Desjardins reduced their price target on Stella-Jones from C$99.00 to C$77.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank Of Canada lowered their price objective on Stella-Jones from C$79.00 to C$76.00 in a research report on Wednesday, September 30th. National Bank Financial cut their target price on shares of Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating on the stock in a research note on Thursday. Scotiabank reduced their target price on shares of Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating on the stock in a report on Thursday. Finally, TD reduced their target price on shares of Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Stella-Jones has a consensus rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Stock Up 3.0%

Shares of Stella-Jones stock traded up C$1.87 during trading hours on Thursday, reaching C$63.79. 215,202 shares of the company were exchanged, compared to its average volume of 171,178. Stella-Jones has a 1 year low of C$58.37 and a 1 year high of C$101.31. The stock’s fifty day moving average is C$67.27 and its 200 day moving average is C$80.09. The company has a debt-to-equity ratio of 75.40, a quick ratio of 1.20 and a current ratio of 5.25. The firm has a market cap of C$3.48 billion, a PE ratio of 13.51, a PEG ratio of 2.40 and a beta of -0.12.

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

About Stella-Jones

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.