Stella-Jones (TSE:SJ) Upgraded by CIBC to “Outperform” Rating

CIBC upgraded shares of Stella-Jones (TSE:SJ) from a neutral rating to an outperform rating in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have C$86.00 target price on the stock, up from their previous target price of C$83.00.

Other equities analysts also recently issued research reports about the company. Scotiabank dropped their price target on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. TD Securities dropped their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.50.

Stella-Jones Trading Up 6.9 %

SJ stock opened at C$70.22 on Wednesday. Stella-Jones has a twelve month low of C$65.43 and a twelve month high of C$98.00. The stock has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The firm’s fifty day simple moving average is C$71.47 and its two-hundred day simple moving average is C$83.88.

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 issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, December 2nd. Stella-Jones’s dividend payout ratio (DPR) is currently 18.09%.

Insider Activity at Stella-Jones

In related news, Senior Officer Richard Cuddihy acquired 500 shares of the stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Patrick Kirkham bought 2,035 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$70.36 per share, with a total value of C$143,179.34. Insiders acquired 12,785 shares of company stock worth $896,221 over the last three months. Company insiders own 0.14% of the company’s stock.

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.