Scotiabank Cuts Stella-Jones (TSE:SJ) Price Target to C$79.00

Stella-Jones (TSE:SJ) had its price objective reduced by Scotiabank from C$85.00 to C$79.00 in a research note published on Monday,BayStreet.CA reports.

SJ has been the topic of several other reports. Royal Bank of Canada cut their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. TD Securities reduced their price objective on Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. CIBC raised Stella-Jones from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$83.00 to C$86.00 in a research report on Wednesday, January 15th. Finally, Cibc World Mkts raised Stella-Jones from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stella-Jones currently has an average rating of “Buy” and an average price target of C$86.60.

Stella-Jones Stock Performance

Shares of SJ stock opened at C$66.42 on Monday. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. Stella-Jones has a 52 week low of C$65.13 and a 52 week high of C$98.00. The company’s 50 day moving average price is C$70.40 and its two-hundred day moving average price is C$78.76. The company has a market capitalization of C$3.72 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64.

Stella-Jones Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from Stella-Jones’s previous quarterly dividend of $0.28. Stella-Jones’s payout ratio is currently 19.56%.

Insider Transactions at Stella-Jones

In other Stella-Jones news, Director Patrick Kirkham acquired 2,035 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of C$70.36 per share, with a total value of C$143,179.34. 0.14% of the stock is owned by corporate 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.