Stella-Jones Inc. (TSE:SJ) Receives C$85.83 Consensus PT from Brokerages

Shares of Stella-Jones Inc. (TSE:SJ) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$86.17.

Several analysts have issued reports on SJ shares. TD Securities upped their price target on shares of Stella-Jones from C$88.00 to C$90.00 and gave the company a “buy” rating in a report on Friday. Desjardins lowered their target price on Stella-Jones from C$98.00 to C$94.00 and set a “buy” rating on the stock in a report on Thursday. CIBC cut their price target on Stella-Jones from C$86.00 to C$79.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Scotiabank decreased their price objective on Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Stella-Jones from C$75.00 to C$76.00 and gave the company a “sector perform” rating in a research note on Thursday.

Stella-Jones Stock Up 1.5 %

Shares of TSE SJ opened at C$73.62 on Thursday. The stock has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. Stella-Jones has a 52 week low of C$62.26 and a 52 week high of C$98.00. The firm has a 50-day moving average price of C$67.25 and a 200 day moving average price of C$70.65. The company has a quick ratio of 1.20, a current ratio of 6.85 and a debt-to-equity ratio of 87.53.

Stella-Jones Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 1st were issued a $0.31 dividend. This is a boost from Stella-Jones’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.68%. Stella-Jones’s payout ratio is 19.56%.

Insider Transactions at Stella-Jones

In related news, Director James Augustus Manzi sold 1,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of C$65.79, for a total transaction of C$65,788.60. 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.