Stella-Jones (TSE:SJ) Reaches New 12-Month High – Time to Buy?

Shares of Stella-Jones Inc. (TSE:SJ) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$98.10 and last traded at C$97.37, with a volume of 47661 shares traded. The stock had previously closed at C$94.76.

Analysts Set New Price Targets

SJ has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Raymond James Financial set a C$100.00 price target on shares of Stella-Jones and gave the company an “outperform” rating in a report on Thursday, November 20th. Cibc World Mkts lowered Stella-Jones from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. TD Securities upped their price objective on Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Scotiabank raised Stella-Jones from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$88.00 to C$98.00 in a report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$97.14.

Stella-Jones Price Performance

The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. The company has a 50 day moving average price of C$87.37 and a 200 day moving average price of C$82.41. The company has a market capitalization of C$5.42 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.40 and a beta of -0.17.

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

Insider Transactions at Stella-Jones

In related news, Director Michelle Annette Banik acquired 472 shares of Stella-Jones stock in a transaction on Wednesday, November 12th. The stock was purchased at an average cost of C$84.60 per share, with a total value of C$39,931.20. Following the completion of the transaction, the director directly 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 owned by corporate insiders.

Stella-Jones Company Profile

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.