Stella-Jones Inc. (TSE:SJ – Get Free Report)’s stock price reached a new 52-week high on Monday after CIBC raised their price target on the stock from C$72.00 to C$74.00. CIBC currently has a neutral rating on the stock. Stella-Jones traded as high as C$70.66 and last traded at C$70.62, with a volume of 28178 shares traded. The stock had previously closed at C$68.41.
SJ has been the subject of several other research reports. Desjardins set a C$82.00 price objective on shares of Stella-Jones and gave the company a “buy” rating in a research report on Thursday, September 28th. National Bank Financial upgraded shares of Stella-Jones from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Monday, October 9th. National Bankshares raised shares of Stella-Jones from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$73.00 to C$83.00 in a research report on Tuesday, October 10th. TD Securities boosted their price target on Stella-Jones from C$78.00 to C$83.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Acumen Capital raised their price objective on Stella-Jones from C$72.00 to C$80.00 in a research note on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and a consensus price target of C$78.43.
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Insider Buying and Selling at Stella-Jones
Stella-Jones Trading Up 5.6 %
The firm has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 4.59 and a debt-to-equity ratio of 82.25. The firm’s 50 day moving average is C$65.14 and its 200 day moving average is C$62.39.
Stella-Jones (TSE:SJ – Get Free Report) last issued its quarterly earnings results on Wednesday, August 9th. The company reported C$1.72 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.56 by C$0.16. Stella-Jones had a return on equity of 16.76% and a net margin of 8.18%. The firm had revenue of C$972.00 million for the quarter, compared to analysts’ expectations of C$953.20 million. Equities analysts forecast that Stella-Jones Inc. will post 5.2305296 earnings per share for the current year.
Stella-Jones Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Tuesday, September 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, September 1st. Stella-Jones’s dividend payout ratio is currently 20.77%.
Stella-Jones Company Profile
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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