Desjardins Has Lowered Expectations for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target reduced by research analysts at Desjardins from C$99.00 to C$77.00 in a report released on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price target would suggest a potential upside of 16.93% from the company’s current price.

Other equities analysts have also issued reports about the company. Canadian Imperial Bank of Commerce dropped their price target on Stella-Jones from C$87.00 to C$82.00 in a research note on Thursday, July 9th. TD reduced their price objective on shares of Stella-Jones from C$93.00 to C$81.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank lowered their price objective on shares of Stella-Jones from C$79.00 to C$76.00 and set a “sector outperform” rating for the company in a research note on Thursday. National Bank Financial dropped their target price on shares of Stella-Jones from C$92.00 to C$80.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada cut their target price on shares of Stella-Jones from C$79.00 to C$76.00 in a research note on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Stella-Jones currently has a consensus rating of “Moderate Buy” and an average price target of C$81.62.

Stella-Jones Trading Up 1.3%

Shares of SJ stock traded up C$0.84 during mid-day trading on Thursday, hitting C$65.85. The company’s stock had a trading volume of 197,386 shares, compared to its average volume of 172,112. The company’s fifty day simple moving average is C$67.10 and its 200-day simple moving average is C$79.86. Stella-Jones has a 52 week low of C$58.37 and a 52 week high of C$101.31. 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 company has a market cap of C$3.59 billion, a PE ratio of 13.95, a P/E/G 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 (EPS) for the quarter. Stella-Jones had a return on equity of 10.40% and a net margin of 6.27%. The company had revenue of C$979.00 million for the quarter. As a group, equities research analysts expect that Stella-Jones will post 6.45 earnings per share for the current fiscal year.

More Stella-Jones News

Here are the key news stories impacting Stella-Jones this week:

• Positive Sentiment: Management outlined up to $100 million in cost savings over three years and is targeting a full operating run rate at its Candiac facility by the end of Q1 2027. If achieved, the savings could improve margins. Article: Stella-Jones outlines up to $100M in 3-year cost savings
• Positive Sentiment: A recent analysis argues Stella-Jones shares look undervalued based on cash flow, which may appeal to investors focused on valuation. Article: Stella Jones Stock Looks Below Fair Value On Cash Flow
• Neutral Sentiment: Third-quarter sales rose, but adjusted earnings fell. The company also announced a normal-course issuer bid; the earnings trend is a concern, while the buyback could provide some support depending on its execution. Article: Stella-Jones Q3 adjusted earnings fall, sales rise; announces normal course issuer bid
• Negative Sentiment: Several firms cut their price targets, signaling more cautious expectations. Raymond James lowered its target to C$80, Desjardins to C$77, Scotiabank to C$76, TD to C$81, RBC to C$70, and National Bank Financial to C$80. Their ratings remain at outperform, buy, or sector perform, but the target reductions are a near-term sentiment headwind. Read More., Read More., Read More., Read More., Read More., Read More..

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.