Stella-Jones (TSE: SJ) was upgraded by investment analysts at TD Securities from a “buy” rating to a “buy on stock list” rating in a research note issued to investors on Tuesday, reports BayStreet.CA. The company currently has a target price of C $ 56.00 per share, down from its previous target price of C $ 57.00. The target price for TD Securities would indicate a potential rise of 30.87% from the current share price.
SJ has been the subject of a number of other research reports. CIBC reiterated a “buy” rating and issued a price target of C $ 54.00 for Stella-Jones shares in a report released Thursday, September 16. National Bankshares Upgraded Stella-Jones Shares From ‘Sector Performance’ To ‘Outperform’ Rating And Set A Price Target Of Cdn $ 52.00 For The Company In A Report On Wednesday August 4th . Royal Bank of Canada downgraded Stella-Jones shares from an “outperformance” rating to a “sector performance” rating and lowered its price target for the company from C $ 56.00 to $ 46.00 CA in a research note on Wednesday August 4. Scotiabank lowered its price target for Stella-Jones shares from C $ 56.00 to C $ 55.00 in a research note on Friday, September 3. Finally, National Bank Financial upgraded Stella-Jones shares from a âmarket weighting sector yieldâ rating to a âsuperior yieldâ rating and set a price target of C $ 52.00 for the company in a research note on Wednesday, August 4. One analyst assigned a conservation rating to the stock, three assigned a buy rating, and another assigned a high buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C $ 53.51.
Stella-Jones shares traded up C $ 0.27 during trading hours on Tuesday, reaching C $ 42.79. The stock had a trade volume of 42,789 shares, compared to its average volume of 162,753. Stella-Jones has a year-over-year low of C $ 39.95 and a 12-month high of C $ 54.09. . The company has a current ratio of 5.01, a quick ratio of 1.16, and a debt ratio of 56.85. The stock’s 50-day moving average is C $ 42.85 and its 200-day moving average is C $ 45.89. The company has a market capitalization of C $ 2.79 billion and a PE ratio of 9.98.
Stella-Jones (TSE: SJ) last released its quarterly results on Tuesday, August 3. The company reported earnings per share of C $ 1.76 for the quarter, beating the consensus estimate of C $ 1.47 by C $ 0.29. The company reported sales of C $ 903.00 million for the quarter, compared to analysts’ estimates of C $ 949.75 million. As a group, sell-side analysts predict that Stella-Jones will post earnings per share of 3.2661492 for the current year.
Stella-Jones Inc produces and markets pressure treated wood products in Canada and the United States. It offers railway sleepers and lumber for railway operators; and utility poles for electric utilities and telecommunications companies. The company also supplies residential lumber and accessories to retailers for exterior applications; industrial products, including pilings, wharf and bridge lumber, crane mats, level crossings and laminate poles; construction wood; and coal tar products.
See also: strangled
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