CIBC Downgrades Stella-Jones (TSE:SJ) to Neutral

Posted by on Jul 22nd, 2023

Stella-Jones (TSE:SJ – Get Free Report) was downgraded by equities researchers at CIBC from an “outperform” rating to a “neutral” rating in a report released on Thursday, BayStreet.CA reports. They currently have a C$69.00 price target on the stock. CIBC’s price objective would indicate a potential upside of 1.37% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD Securities raised their price objective on shares of Stella-Jones from C$72.00 to C$78.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. Scotiabank raised their price objective on shares of Stella-Jones from C$64.00 to C$70.00 in a report on Monday, May 29th. Finally, Royal Bank of Canada raised their price objective on shares of Stella-Jones from C$67.00 to C$69.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$71.50.

Stella-Jones Trading Up 0.3 %

TSE:SJ opened at C$68.07 on Thursday. The company has a debt-to-equity ratio of 84.95, a quick ratio of 1.20 and a current ratio of 4.48. The firm has a market cap of C$3.97 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. Stella-Jones has a 52 week low of C$35.04 and a 52 week high of C$68.95. The firm has a 50-day moving average price of C$64.42 and a two-hundred day moving average price of C$55.54.

Stella-Jones (TSE:SJ – Get Free Report) last issued its quarterly earnings results on Wednesday, May 10th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.21. Stella-Jones had a net margin of 8.16% and a return on equity of 16.95%. The company had revenue of C$710.00 million during the quarter, compared to analyst estimates of C$711.85 million. On average, equities analysts expect that Stella-Jones will post 4.4986737 earnings per share for the current fiscal year.

About Stella-Jones

(Get Free Report)

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, include wood for railway bridges and crossings, marine and foundation pilings, construction timbers, and coal tar-based products.

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