Stella-Jones Inc. (TSE:SJ) Receives C$88.00 Consensus PT from Brokerages

Stella-Jones Inc. (TSE:SJ) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$88.00.

SJ has been the subject of several recent analyst reports. TD Securities lowered their price target on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. CIBC dropped their target price on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Scotiabank reduced their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price objective on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th.

Stella-Jones Stock Up 1.3 %

TSE:SJ opened at C$74.47 on Thursday. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The firm’s 50-day moving average price is C$73.58 and its 200-day moving average price is C$84.66. The company has a market capitalization of C$4.20 billion, a PE ratio of 12.03, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a 1-year low of C$67.13 and a 1-year high of C$98.00.

Stella-Jones Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.50%. Stella-Jones’s payout ratio is 18.09%.

Insider Activity at Stella-Jones

In other Stella-Jones news, Senior Officer Richard Cuddihy purchased 500 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of C$70.85 per share, with a total value of C$35,424.00. Also, Director Rhodri Harries acquired 5,000 shares of Stella-Jones stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of C$70.50 per share, for a total transaction of C$352,500.00. In the last 90 days, insiders have acquired 12,785 shares of company stock valued at $896,221. 0.14% of the stock is owned by company insiders.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.