Stella-Jones (TSE:SJ) Given New C$97.00 Price Target at Royal Bank of Canada

Stella-Jones (TSE:SJ) had its price target increased by Royal Bank of Canada from C$94.00 to C$97.00 in a research note published on Wednesday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the stock. TD Securities increased their target price on shares of Stella-Jones from C$98.00 to C$103.00 and gave the stock a buy rating in a research report on Thursday, August 8th. National Bankshares increased their target price on shares of Stella-Jones from C$91.00 to C$99.00 and gave the stock an outperform rating in a research report on Tuesday, July 16th. Finally, CIBC increased their target price on shares of Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$96.00.

Stella-Jones Trading Up 2.5 %

Shares of SJ stock opened at C$92.66 on Wednesday. Stella-Jones has a 52-week low of C$66.75 and a 52-week high of C$98.00. The stock has a market cap of C$5.22 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The firm has a fifty day moving average of C$91.09 and a 200-day moving average of C$86.86.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. The business had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.07 billion. On average, equities research analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. Insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.