Analysts Set Stella-Jones Inc. (TSE:SJ) PT at C$88.50

Stella-Jones Inc. (TSE:SJ) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$88.50.

A number of equities research analysts recently weighed in on SJ shares. CIBC upgraded Stella-Jones from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Cibc World Mkts upgraded Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada lowered their price target on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. TD Securities lowered their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Scotiabank lowered their price target on Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th.

Insider Buying and Selling

In other news, Director Patrick Kirkham bought 2,035 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of C$70.36 per share, with a total value of C$143,179.34. Corporate insiders own 0.14% of the company’s stock.

Stella-Jones Stock Performance

TSE SJ opened at C$72.39 on Friday. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.40 and a beta of 0.64. 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 business’s 50 day moving average is C$70.44 and its two-hundred day moving average is C$79.18. Stella-Jones has a 12-month low of C$65.13 and a 12-month high of C$98.00.

Stella-Jones Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 1st will be given a $0.31 dividend. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.71%. Stella-Jones’s dividend payout ratio (DPR) is 19.56%.

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.