Brokerages Set Stella-Jones Inc (SJ) Price Target at $51.25

Stella-Jones Inc (TSE:SJ) has been given an average rating of “Buy” by the eight research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$51.25.

SJ has been the topic of several recent research reports. CIBC dropped their price objective on shares of Stella-Jones from C$50.00 to C$47.00 in a research note on Tuesday, November 6th. Scotiabank reissued a “hold” rating and issued a C$46.00 price objective on shares of Stella-Jones in a research note on Monday, November 5th. Desjardins dropped their price objective on shares of Stella-Jones from C$51.00 to C$50.00 in a research note on Monday, November 5th. TD Securities dropped their price objective on shares of Stella-Jones from C$54.00 to C$52.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Finally, National Bank Financial boosted their price objective on shares of Stella-Jones from C$53.00 to C$55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th.

Shares of TSE:SJ traded down C$0.47 during trading on Thursday, hitting C$40.66. 139,667 shares of the company were exchanged, compared to its average volume of 132,853. The company has a debt-to-equity ratio of 40.30, a quick ratio of 1.76 and a current ratio of 5.99. Stella-Jones has a 12-month low of C$39.88 and a 12-month high of C$52.22.

Stella-Jones (TSE:SJ) last released its quarterly earnings results on Friday, November 2nd. The company reported C$0.66 EPS for the quarter, beating the consensus estimate of C$0.65 by C$0.01. The business had revenue of C$630.00 million during the quarter, compared to analysts’ expectations of C$571.83 million. As a group, sell-side analysts predict that Stella-Jones will post 2.70000022577474 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 3rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. Stella-Jones’s payout ratio is 19.38%.

About Stella-Jones

Stella-Jones Inc produces, markets, and sells pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, and panelized railway crossings; and construction timbers.

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Analyst Recommendations for Stella-Jones (TSE:SJ)

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