Stella-Jones (TSE:SJ) Upgraded to Outperform at Scotiabank

Stella-Jones (TSE:SJ) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a C$98.00 price target on the stock, up from their previous price target of C$88.00. Scotiabank’s price objective would suggest a potential upside of 7.22% from the stock’s current price.

SJ has been the topic of several other reports. Royal Bank Of Canada boosted their price objective on Stella-Jones from C$78.00 to C$87.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 8th. Desjardins set a C$102.00 price target on Stella-Jones and gave the stock a “buy” rating in a report on Friday, December 12th. CIBC cut their price objective on shares of Stella-Jones from C$90.00 to C$89.00 in a report on Friday, November 7th. Raymond James Financial set a C$100.00 target price on shares of Stella-Jones and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, Cibc World Mkts cut shares of Stella-Jones from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$97.14.

Stella-Jones Stock Performance

TSE SJ traded up C$3.30 on Thursday, reaching C$91.40. 113,230 shares of the stock were exchanged, compared to its average volume of 101,473. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. Stella-Jones has a one year low of C$62.26 and a one year high of C$92.84. The firm has a market capitalization of C$5.02 billion, a PE ratio of 14.96, a PEG ratio of 2.40 and a beta of -0.24. The company’s 50-day simple moving average is C$86.62 and its two-hundred day simple moving average is C$82.03.

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

Insider Buying and Selling

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