Stella-Jones (TSE:SJ) Given New C$81.00 Price Target at Royal Bank of Canada

Stella-Jones (TSE:SJ) had its price objective cut by research analysts at Royal Bank of Canada from C$97.00 to C$81.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 9.71% from the company’s current price.

SJ has been the topic of several other reports. TD Securities raised their price target on 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 raised 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 report on Tuesday, July 16th. CIBC lifted their target price on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Thursday, August 8th. Finally, Scotiabank dropped their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$88.00.

Stella-Jones Trading Down 2.0 %

Shares of SJ stock traded down C$1.54 on Thursday, hitting C$73.83. 206,144 shares of the company’s stock traded hands, compared to its average volume of 137,862. The stock has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 2.40 and a beta of 0.64. The company’s fifty day simple moving average is C$89.81 and its 200 day simple moving average is C$87.81. Stella-Jones has a one year low of C$71.41 and a one year high of C$98.00. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57.

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 company had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$1.07 billion. Equities analysts forecast that Stella-Jones will post 6.4457565 EPS for the current year.

Insider Buying and Selling

In other news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is currently owned by insiders.

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.