Stella-Jones (TSE:SJ) Reaches New 1-Year High – Still a Buy?

Stella-Jones Inc. (TSE:SJ)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$99.93 and last traded at C$99.74, with a volume of 65521 shares. The stock had previously closed at C$98.42.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SJ. Canadian Imperial Bank of Commerce increased their price objective on Stella-Jones from C$90.00 to C$100.00 in a research report on Friday. Desjardins set a C$102.00 price objective on shares of Stella-Jones and gave the stock a “buy” rating in a research note on Friday, December 12th. TD Securities boosted their price objective on shares of Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Scotiabank raised shares of Stella-Jones from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$88.00 to C$98.00 in a report on Thursday, January 29th. Finally, CIBC World Markets boosted their price target on Stella-Jones from C$90.00 to C$100.00 in a research note on Saturday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$98.88.

Stella-Jones Stock Up 2.0%

The firm has a 50 day simple moving average of C$88.30 and a two-hundred day simple moving average of C$82.90. The stock has a market capitalization of C$5.51 billion, a P/E ratio of 16.42, a PEG ratio of 2.40 and a beta of -0.17. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. The business had revenue of C$958.00 million during the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%. On average, equities research analysts expect that Stella-Jones Inc. will post 6.4457565 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michelle Annette Banik bought 472 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of C$84.60 per share, for a total transaction of C$39,931.20. Following the completion of the transaction, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. This represents a ∞ increase in their position. 0.14% of the stock is currently owned by 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.