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

Stella-Jones Inc. (TSE:SJ) shares hit a new 52-week low during trading on Tuesday. The stock traded as low as C$64.13 and last traded at C$64.49, with a volume of 57,701 shares traded. The stock had previously closed at C$65.00.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. National Bank Financial cut their price target on shares of Stella-Jones from C$95.00 to C$92.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Desjardins decreased their price objective on shares of Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Stella-Jones from C$87.00 to C$82.00 in a research report on Thursday, July 9th. 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, August 7th. Finally, Scotiabank cut their target price on shares of Stella-Jones from C$93.00 to C$85.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$89.62.

Stella-Jones Price Performance

The company has a quick ratio of 1.20, a current ratio of 5.25 and a debt-to-equity ratio of 75.40. The company has a market capitalization of C$3.50 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.40 and a beta of -0.12. The company’s 50-day simple moving average is C$69.96 and its 200 day simple moving average is C$77.06.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.59 earnings per share for the quarter. Stella-Jones had a net margin of 7.36% and a return on equity of 12.35%. The business had revenue of C$1.04 billion for the quarter. As a group, sell-side analysts expect that Stella-Jones Inc. will post 6.45 earnings per share for the current fiscal year.

About Stella-Jones

Stella-Jones Inc (TSX: SJ) is a leading North American manufacturer of products focused on supporting infrastructure essential to the electrical distribution and transmission network, and the operation and maintenance of railway transportation systems. It supplies the continent’s major electrical utility companies with treated wood poles and crossarms, steel lattice towers and steel transmission poles, as well as North America’s Class 1, short line and commercial railroad operators with treated wood railway ties.