Stella-Jones Inc. (TSE:SJ) Given Average Rating of “Moderate Buy” by Brokerages

Stella-Jones Inc. (TSE:SJ) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$88.00.

SJ has been the subject of several research reports. Scotiabank dropped their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday, November 7th. TD Securities lowered their target price on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. Finally, CIBC lowered their price objective on Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th.

Stella-Jones Trading Up 0.7 %

TSE SJ opened at C$71.19 on Thursday. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57. The firm has a market cap of C$4.01 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.40 and a beta of 0.64. The firm has a 50 day simple moving average of C$74.33 and a 200-day simple moving average of C$84.90. Stella-Jones has a one year low of C$67.13 and a one year high of C$98.00.

Stella-Jones Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, December 2nd. Stella-Jones’s payout ratio is currently 18.09%.

Insiders Place Their Bets

In related news, Director Rhodri Harries acquired 5,000 shares of Stella-Jones stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$70.50 per share, for a total transaction of C$352,500.00. Also, Senior Officer Richard Cuddihy bought 500 shares of the stock in a transaction on Wednesday, November 13th. The shares were bought at an average price of C$70.85 per share, for a total transaction of C$35,424.00. In the last quarter, insiders bought 12,785 shares of company stock worth $896,221. 0.14% of the stock is owned by 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.