Royal Bank of Canada Lowers Stella-Jones (TSE:SJ) to Sector Perform

Royal Bank of Canada downgraded shares of Stella-Jones (TSE:SJ) from an outperform rating to a sector perform rating in a research report released on Monday, Marketbeat reports. They currently have C$94.00 target price on the stock.

Several other research analysts have also recently commented on the stock. TD Securities upped their target price on shares of Stella-Jones from C$94.00 to C$98.00 in a research report on Friday, May 10th. CIBC upped their target price on shares of Stella-Jones from C$85.00 to C$86.00 in a research report on Thursday, April 11th. Finally, Scotiabank upped their price target on shares of Stella-Jones from C$86.00 to C$88.00 in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$89.57.

Stella-Jones Stock Performance

Shares of SJ stock opened at C$90.78 on Monday. The company’s fifty day moving average price is C$84.34 and its two-hundred day moving average price is C$80.62. The firm has a market capitalization of C$5.14 billion, a P/E ratio of 15.26, a P/E/G ratio of 2.40 and a beta of 0.68. Stella-Jones has a 12 month low of C$61.85 and a 12 month high of C$90.89. The company has a debt-to-equity ratio of 100.69, a current ratio of 6.38 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ) last released its earnings results on Wednesday, May 8th. The company reported C$1.36 earnings per share for the quarter, topping the consensus estimate of C$1.09 by C$0.27. The company had revenue of C$775.00 million during the quarter, compared to the consensus estimate of C$781.85 million. Stella-Jones had a net margin of 10.14% and a return on equity of 20.77%. On average, research analysts anticipate that Stella-Jones will post 5.7120805 earnings per share for the current fiscal year.

Stella-Jones Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 3rd were paid a $0.28 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.12 annualized dividend and a yield of 1.23%. Stella-Jones’s dividend payout ratio is presently 18.82%.

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$61.93, for a total value of C$309,661.50. Company insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.