Scotiabank Cuts Stella-Jones (TSE:SJ) Price Target to C$85.00

Stella-Jones (TSE:SJ) had its price target decreased by Scotiabank from C$93.00 to C$85.00 in a report published on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector outperform rating on the stock.

Other research analysts also recently issued research reports about the company. National Bank Financial reduced their target price on 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. Canadian Imperial Bank of Commerce reduced their price target on Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Raymond James Financial decreased their price objective on Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Desjardins lowered their price objective on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Royal Bank Of Canada dropped their target price on shares of Stella-Jones from C$82.00 to C$79.00 and set a “sector perform” rating on the stock in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$90.00.

Stella-Jones Stock Down 2.7%

Shares of Stella-Jones stock opened at C$74.08 on Wednesday. The company has a current ratio of 5.25, a quick ratio of 1.20 and a debt-to-equity ratio of 75.40. Stella-Jones has a 12-month low of C$69.94 and a 12-month high of C$101.31. The company has a market cap of C$4.04 billion, a P/E ratio of 15.69, a PEG ratio of 2.40 and a beta of -0.07. The company’s fifty day simple moving average is C$79.13 and its two-hundred day simple moving average is C$84.88.

Stella-Jones (TSE:SJ) last announced its 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 firm had revenue of C$1.04 billion for the quarter. Research analysts anticipate that Stella-Jones will post 6.4457565 EPS for the current 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.