Stella-Jones (TSE:SJ) Stock Price Target Lowered at Scotiabank

Stella-Jones (TSE:SJ) had its price target lowered by investment analysts at Scotiabank from C$79.00 to C$76.00 in a report released on Thursday, BayStreet reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank‘s price objective points to a potential upside of 19.14% from the stock’s previous close.

SJ has been the topic of a number of other research reports. National Bank Financial reduced their price objective on Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating on the stock in a research note on Thursday. Canadian Imperial Bank of Commerce lowered their target price on Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. Desjardins cut their price target on Stella-Jones from C$104.00 to C$99.00 and set a “buy” rating for the company in a report on Friday, August 7th. Raymond James Financial reduced their price target on shares of Stella-Jones from C$90.00 to C$83.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reduced their price target on shares of Stella-Jones from C$79.00 to C$76.00 in a research report on Wednesday, September 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Price Performance

TSE SJ traded up C$1.87 during trading hours on Thursday, reaching C$63.79. 215,202 shares of the company’s stock were exchanged, compared to its average volume of 171,178. The stock has a market cap of C$3.48 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 2.40 and a beta of -0.12. Stella-Jones has a one year low of C$58.37 and a one year high of C$101.31. The firm has a fifty day moving average of C$67.27 and a 200-day moving average of C$80.09. 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 (TSE:SJ) last released its quarterly earnings results on Wednesday, November 4th. The company reported C$1.39 earnings per share for the quarter. Stella-Jones had a return on equity of 12.35% and a net margin of 7.36%. The firm had revenue of C$979.00 million during the quarter. On average, equities research analysts predict that Stella-Jones will post 6.45 earnings per share for the current fiscal 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.