Scotiabank Raises Stella-Jones (TSE:SJ) Price Target to C$56.00

Stella-Jones (TSE:SJ) had its price target boosted by investment analysts at Scotiabank from C$54.00 to C$56.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 7.57% from the company’s previous close.

Other equities analysts have also issued reports about the company. TD Securities upped their target price on Stella-Jones from C$59.00 to C$62.00 and gave the company a “buy” rating in a report on Tuesday. Laurentian upped their target price on Stella-Jones from C$52.00 to C$56.50 in a report on Thursday, March 11th. CIBC reaffirmed an “outperform” rating and issued a C$60.00 target price on shares of Stella-Jones in a report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$56.00 target price on shares of Stella-Jones in a report on Tuesday. Finally, National Bank Financial increased their price objective on Stella-Jones from C$47.50 to C$51.50 and gave the company a “na” rating in a report on Thursday, March 11th. Three equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$56.94.

Shares of Stella-Jones stock traded down C$0.45 on Tuesday, hitting C$52.06. The company had a trading volume of 95,330 shares, compared to its average volume of 135,284. The stock has a market capitalization of C$3.40 billion and a price-to-earnings ratio of 16.67. Stella-Jones has a 1 year low of C$30.38 and a 1 year high of C$54.09. The stock has a 50 day moving average of C$51.15 and a 200-day moving average of C$47.25. The company has a debt-to-equity ratio of 54.41, a quick ratio of 0.95 and a current ratio of 6.05.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Wednesday, March 10th. The company reported C$0.52 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.10. The company had revenue of C$533.00 million during the quarter, compared to analysts’ expectations of C$464.00 million. Equities analysts anticipate that Stella-Jones will post 3.3800003 earnings per share for the current year.

About Stella-Jones

Stella-Jones Inc produces and markets 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 pilings, wharf and bridge timbers, crane mats, railway crossings, and laminated poles; construction timbers; and coal tar-based products.

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