Stella-Jones (TSE:SJ) Shares Pass Below 200 Day Moving Average – Should You Sell?

Stella-Jones Inc. (TSE:SJ)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$86.78 and traded as low as C$79.93. Stella-Jones shares last traded at C$80.68, with a volume of 205,291 shares changing hands.

Analysts Set New Price Targets

SJ has been the subject of a number of recent analyst reports. TD dropped their price objective on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce decreased their target price on Stella-Jones from C$96.00 to C$87.00 in a research note on Thursday, May 7th. Desjardins lowered their price target on Stella-Jones from C$107.00 to C$104.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Raymond James Financial dropped their price target on Stella-Jones from C$100.00 to C$95.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada cut their price objective on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Stella-Jones currently has a consensus rating of “Moderate Buy” and an average price target of C$95.38.

Stella-Jones Stock Up 0.9%

The company has a debt-to-equity ratio of 80.71, a current ratio of 4.96 and a quick ratio of 1.20. The company has a market capitalization of C$4.40 billion, a PE ratio of 14.62, a P/E/G ratio of 2.40 and a beta of -0.07. The business has a 50-day moving average of C$78.75 and a 200 day moving average of C$86.78.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.12 earnings per share for the quarter. The business had revenue of C$791.00 million during the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. Equities research analysts predict that Stella-Jones Inc. will post 6.4457565 earnings per share for the current year.

Insider Buying and Selling

In other Stella-Jones news, Director Anne Elizabeth Giardini purchased 1,000 shares of Stella-Jones stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of C$71.25 per share, for a total transaction of C$71,250.00. Following the completion of the transaction, the director owned 3,400 shares of the company’s stock, valued at approximately C$242,250. This trade represents a 41.67% increase in their position. Also, Director Kenner James purchased 937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of C$73.22 per share, for a total transaction of C$68,607.14. Following the purchase, the director owned 1,834 shares of the company’s stock, valued at C$134,285.48. This represents a 104.46% increase in their ownership of the stock. Over the last 90 days, insiders have acquired 3,443 shares of company stock worth $247,814. Insiders own 0.14% of the company’s stock.

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. The vast majority of its revenue comes from the Pressure-treated wood segment.