Stella-Jones (TSE:SJ) PT Lowered to C$52.00

Stella-Jones (TSE:SJ) had its target price decreased by Desjardins from C$54.00 to C$52.00 in a report issued on Friday morning, BayStreet.CA reports. Desjardins also issued estimates for Stella-Jones’ Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $2.34 EPS, FY2020 earnings at $2.62 EPS and FY2021 earnings at $2.84 EPS.

A number of other research firms have also commented on SJ. TD Securities cut their price target on Stella-Jones from C$54.00 to C$48.00 and set a buy rating for the company in a report on Thursday, August 8th. Royal Bank of Canada cut their price target on Stella-Jones from C$51.00 to C$47.00 and set an outperform rating for the company in a report on Friday. CIBC cut their price target on Stella-Jones from C$49.00 to C$45.00 in a report on Friday, October 11th. Finally, National Bank Financial set a C$43.50 price target on Stella-Jones and gave the stock a sector perform rating in a report on Wednesday, August 21st.

Shares of Stella-Jones stock traded up C$0.05 during trading hours on Friday, reaching C$39.00. The company had a trading volume of 216,111 shares, compared to its average volume of 162,108. Stella-Jones has a one year low of C$36.18 and a one year high of C$48.28. The business has a fifty day simple moving average of C$38.16 and a 200 day simple moving average of C$42.12. The company has a debt-to-equity ratio of 56.79, a current ratio of 6.21 and a quick ratio of 1.76. The firm has a market cap of $2.68 billion and a PE ratio of 18.31.

Stella-Jones Company Profile

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 for outdoor applications; industrial products, including bridge timbers, foundation and marine pilings; and construction timbers.

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