Stella-Jones (TSE:SJ) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

Stella-Jones Inc. (TSE:SJ) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$66.89 and traded as high as C$67.62. Stella-Jones shares last traded at C$67.00, with a volume of 197,005 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Scotiabank lowered their target price on Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating for the company in a report on Thursday, November 5th. TD dropped their price target on Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Royal Bank Of Canada cut their price target on Stella-Jones from C$76.00 to C$70.00 and set a “sector perform” rating on the stock in a report on Thursday, November 5th. Raymond James Financial reduced their price objective on Stella-Jones from C$83.00 to C$80.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. Finally, Desjardins decreased their price objective on Stella-Jones from C$99.00 to C$77.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$81.62.

Stella-Jones Stock Up 0.2%

The firm’s 50-day simple moving average is C$66.89 and its 200 day simple moving average is C$79.30. The company has a debt-to-equity ratio of 70.31, a quick ratio of 1.20 and a current ratio of 4.86. The stock has a market capitalization of C$3.66 billion, a P/E ratio of 16.46, a PEG ratio of 2.40 and a beta of 0.06.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. The company had revenue of C$979.00 million during the quarter. Stella-Jones had a return on equity of 10.40% and a net margin of 6.27%. As a group, research analysts expect that Stella-Jones Inc. will post 6.45 EPS for the current year.

Stella-Jones Company Profile

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.