Raymond James Financial Has Lowered Expectations for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price decreased by stock analysts at Raymond James Financial from C$90.00 to C$83.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 9.56% from the company’s previous close.

Several other analysts also recently commented on SJ. TD dropped their price objective on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Scotiabank decreased their target price on Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce lowered their price target on Stella-Jones from C$87.00 to C$82.00 in a report on Thursday, July 9th. Royal Bank Of Canada dropped their price target on Stella-Jones from C$85.00 to C$82.00 in a research report on Thursday, July 9th. Finally, Desjardins cut their price objective on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$91.50.

Stella-Jones Trading Up 1.5%

TSE SJ traded up C$1.14 during trading on Friday, reaching C$75.76. 114,554 shares of the stock traded hands, compared to its average volume of 150,135. Stella-Jones has a fifty-two week low of C$69.94 and a fifty-two week high of C$101.31. The company has a quick ratio of 1.20, a current ratio of 4.96 and a debt-to-equity ratio of 80.71. The firm has a market cap of C$4.13 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.40 and a beta of -0.07. The stock’s 50-day moving average price is C$79.50 and its 200 day moving average price is C$85.39.

Stella-Jones (TSE:SJ) last posted its earnings results on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. The company had revenue of C$1.04 billion for the quarter. Stella-Jones had a net margin of 8.66% and a return on equity of 14.85%. Analysts predict that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Buying and Selling

In related news, Director Kenner James acquired 937 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of C$73.22 per share, for a total transaction of C$68,607.14. Following the completion of the acquisition, the director directly owned 1,834 shares in the company, valued at approximately C$134,285.48. The trade was a 104.46% increase in their position. Also, Director Kevin Patrick Comerford acquired 500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of C$72.06 per share, for a total transaction of C$36,030.00. Following the completion of the transaction, the director directly owned 6,176 shares in the company, valued at C$445,042.56. This represents a 8.81% increase in their position. Insiders have purchased a total of 3,443 shares of company stock worth $247,814 over the last ninety days. Company insiders own 0.14% of the company’s stock.

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.