Stella-Jones (TSE:SJ) Sets New 52-Week High – Should You Buy?

Stella-Jones Inc. (TSE:SJ)’s share price reached a new 52-week high on Thursday . The company traded as high as C$88.00 and last traded at C$85.39, with a volume of 58330 shares changing hands. The stock had previously closed at C$81.89.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SJ. Scotiabank increased their target price on Stella-Jones from C$81.00 to C$88.00 in a research report on Friday, October 17th. Desjardins boosted their price objective on Stella-Jones from C$89.00 to C$92.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada increased their price objective on Stella-Jones from C$78.00 to C$87.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. TD Securities lifted their target price on Stella-Jones from C$90.00 to C$97.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Cibc World Mkts cut Stella-Jones from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$91.33.

Stella-Jones Stock Up 3.2%

The company has a 50 day moving average of C$80.37 and a 200-day moving average of C$78.46. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. The company has a market cap of C$4.64 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.40 and a beta of -0.10.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$1.59 earnings per share for the quarter. The firm had revenue of C$958.00 million for the quarter. Stella-Jones had a return on equity of 18.36% and a net margin of 9.43%. On average, equities analysts predict that Stella-Jones Inc. will post 6.4457565 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michelle Annette Banik purchased 472 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of C$84.60 per share, with a total value of C$39,931.20. Following the acquisition, the director directly owned 472 shares of the company’s stock, valued at approximately C$39,931.20. This represents a ∞ increase in their ownership of the stock. 0.14% of the stock is currently owned by corporate 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.