Stella-Jones (SJ) Stock Rating Upgraded by Desjardins
Desjardins upgraded shares of Stella-Jones (TSE:SJ) from a hold rating to a buy rating in a research report released on Wednesday. Desjardins also issued estimates for Stella-Jones’ Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $2.14 EPS, FY2019 earnings at $2.54 EPS and FY2020 earnings at $2.88 EPS.
SJ has been the subject of several other reports. National Bank Financial upped their target price on Stella-Jones from C$53.00 to C$55.00 and gave the stock an outperform rating in a report on Tuesday, August 14th. Laurentian upped their target price on Stella-Jones from C$50.00 to C$52.00 in a report on Friday, May 4th. TD Securities upped their target price on Stella-Jones from C$53.00 to C$54.00 and gave the stock a buy rating in a report on Friday, May 4th. Finally, CIBC reiterated an outperform rating and issued a C$55.00 target price on shares of Stella-Jones in a report on Tuesday, June 5th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Stella-Jones presently has a consensus rating of Buy and a consensus target price of C$52.50.
Shares of Stella-Jones stock opened at C$44.39 on Wednesday. Stella-Jones has a 52 week low of C$42.90 and a 52 week high of C$52.22.
Stella-Jones Inc produces, markets, and sells pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, and panelized railway crossings; and construction timbers.
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