CIBC Has Lowered Expectations for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price objective trimmed by CIBC from C$99.00 to C$83.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on SJ. Scotiabank dropped their target price on Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday. TD Securities lifted their price target on Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Royal Bank of Canada decreased their price objective on Stella-Jones from C$97.00 to C$81.00 in a report on Thursday. Finally, National Bankshares upped their price target on Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Stella-Jones has a consensus rating of “Moderate Buy” and a consensus target price of C$88.00.

Stella-Jones Price Performance

Stella-Jones stock traded down C$1.71 during midday trading on Thursday, reaching C$72.55. 143,409 shares of the stock traded hands, compared to its average volume of 138,820. The stock has a market cap of C$4.09 billion, a P/E ratio of 12.00, a PEG ratio of 2.40 and a beta of 0.64. Stella-Jones has a 12 month low of C$71.41 and a 12 month high of C$98.00. The stock’s fifty day moving average is C$89.52 and its 200-day moving average is C$87.72. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08.

Stella-Jones (TSE:SJ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. The business had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$1.07 billion. As a group, equities research analysts anticipate that Stella-Jones will post 6.4457565 EPS for the current year.

Stella-Jones Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.54%. Stella-Jones’s dividend payout ratio (DPR) is presently 18.09%.

Insider Buying and Selling

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total transaction of C$464,583.48. 0.14% of the stock is owned by corporate insiders.

About Stella-Jones

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.