Desjardins Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target reduced by research analysts at Desjardins from C$104.00 to C$99.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 30.68% from the stock’s current price.

SJ has been the topic of several other research reports. TD cut their price target on Stella-Jones from C$106.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday, May 11th. National Bank Financial lowered their price objective on Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating for the company in a research report on Friday. Raymond James Financial cut their target price on shares of Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday. Scotiabank reduced their target price on shares of Stella-Jones from C$99.00 to C$97.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada lowered their price target on shares of Stella-Jones from C$85.00 to C$82.00 in a report on Thursday, July 9th. Five 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$91.50.

Stella-Jones Stock Up 1.5%

Shares of TSE:SJ traded up C$1.14 during trading on Friday, hitting C$75.76. The company’s stock had a trading volume of 114,554 shares, compared to its average volume of 150,135. The business has a 50 day moving average price of C$79.50 and a two-hundred day moving average price of C$85.39. The company has a market capitalization of C$4.13 billion, a PE ratio of 13.72, a P/E/G ratio of 2.40 and a beta of -0.07. The company has a debt-to-equity ratio of 80.71, a quick ratio of 1.20 and a current ratio of 4.96. Stella-Jones has a fifty-two week low of C$69.94 and a fifty-two week high of C$101.31.

Stella-Jones (TSE:SJ) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. The business had revenue of C$1.04 billion for the quarter. Stella-Jones had a return on equity of 14.85% and a net margin of 8.66%. As a group, research analysts expect that Stella-Jones will post 6.4457565 EPS for the current fiscal year.

Insiders Place Their Bets

In other Stella-Jones news, Director Kevin Patrick Comerford purchased 500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of C$72.06 per share, with a total value of C$36,030.00. Following the acquisition, the director directly owned 6,176 shares of the company’s stock, valued at approximately C$445,042.56. This represents a 8.81% increase in their ownership of the stock. Also, Director Anne Elizabeth Giardini acquired 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of C$71.25 per share, with a total value of C$71,250.00. Following the completion of the transaction, the director owned 3,400 shares in the company, valued at approximately C$242,250. This represents a 41.67% increase in their position. Insiders acquired 3,443 shares of company stock valued at $247,814 in the last ninety days. 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.