Stella-Jones (TSE:SJ) Upgraded by CIBC to “Outperform” Rating

CIBC upgraded shares of Stella-Jones (TSE:SJ) from a neutral rating to an outperform rating in a report released on Wednesday,BayStreet.CA reports. The firm currently has C$86.00 price target on the stock, up from their previous price target of C$83.00.

SJ has been the topic of a number of other research reports. Scotiabank lowered their price objective on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. Royal Bank of Canada lowered their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Finally, TD Securities cut their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stella-Jones presently has a consensus rating of “Moderate Buy” and an average price target of C$88.50.

Stella-Jones Trading Up 6.9 %

Shares of Stella-Jones stock opened at C$70.22 on Wednesday. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The stock’s 50 day simple moving average is C$71.47 and its 200-day simple moving average is C$83.88. The stock has a market cap of C$3.96 billion, a P/E ratio of 11.34, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a 1-year low of C$65.43 and a 1-year high of C$98.00.

Stella-Jones Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were issued a $0.28 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 1.59%. Stella-Jones’s dividend payout ratio (DPR) is currently 18.09%.

Insiders Place Their Bets

In other news, Director Patrick Kirkham bought 2,035 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of C$70.36 per share, with a total value of C$143,179.34. Also, Director Rhodri Harries purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of C$69.50 per share, for a total transaction of C$347,500.00. Insiders purchased a total of 12,785 shares of company stock valued at $896,221 over the last 90 days. 0.14% of the stock is owned by company 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.