Stella-Jones (TSE:SJ) Price Target Raised to C$90.00

Stella-Jones (TSE:SJ) had its price objective boosted by TD Securities from C$88.00 to C$90.00 in a research note issued to investors on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts have also issued reports on SJ. Royal Bank of Canada raised their price target on shares of Stella-Jones from C$75.00 to C$76.00 and gave the stock a “sector perform” rating in a report on Thursday. Cibc World Mkts upgraded shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. CIBC lowered their price target on shares of 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 lowered their price objective on shares of Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. Finally, Desjardins lowered their price objective on shares of Stella-Jones from C$98.00 to C$94.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stella-Jones has a consensus rating of “Buy” and an average target price of C$86.17.

Stella-Jones Stock Up 1.5%

TSE:SJ opened at C$73.62 on Friday. The firm’s 50 day simple moving average is C$67.25 and its 200 day simple moving average is C$70.54. The company has a debt-to-equity ratio of 87.53, a current ratio of 6.85 and a quick ratio of 1.20. Stella-Jones has a one year low of C$62.26 and a one year high of C$98.00. The company has a market cap of C$4.12 billion, a PE ratio of 12.86, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones Increases Dividend

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

Insider Buying and Selling at Stella-Jones

In other Stella-Jones news, Director James Augustus Manzi sold 1,000 shares of the business’s stock in a transaction 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. 0.14% of the stock is currently owned by company insiders.

Stella-Jones Company Profile

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.