Royal Bank Of Canada Cuts Stella-Jones (TSE:SJ) Price Target to C$93.00

Stella-Jones (TSE:SJ) had its target price cut by Royal Bank Of Canada from C$95.00 to C$93.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently weighed in on the company. Canadian Imperial Bank of Commerce boosted their target price on Stella-Jones from C$90.00 to C$100.00 in a research note on Friday, February 6th. TD Securities boosted their target price on Stella-Jones from C$97.00 to C$107.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. National Bank Financial downgraded Stella-Jones from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$107.00 to C$95.00 in a research note on Wednesday, April 8th. Finally, Scotiabank raised Stella-Jones from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$88.00 to C$98.00 in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Stella-Jones has an average rating of “Moderate Buy” and an average target price of C$99.29.

Stella-Jones Stock Down 1.7%

Shares of SJ stock opened at C$84.04 on Monday. Stella-Jones has a 1-year low of C$65.59 and a 1-year high of C$101.31. The stock’s fifty day moving average price is C$94.12 and its 200 day moving average price is C$88.01. The company has a debt-to-equity ratio of 92.30, a current ratio of 7.40 and a quick ratio of 1.20. The company has a market cap of C$4.59 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.40 and a beta of -0.11.

Stella-Jones (TSE:SJ) last announced its earnings results on Thursday, February 26th. The company reported C$0.91 earnings per share for the quarter. Stella-Jones had a return on equity of 16.67% and a net margin of 9.65%.The firm had revenue of C$727.00 million for the quarter. On average, research analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

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.