TD Securities Issues Pessimistic Forecast for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its target price cut by TD Securities from C$103.00 to C$88.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. National Bankshares upped their price target on shares of 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. Royal Bank of Canada reduced their price target on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday. Scotiabank reduced their price target on shares of Stella-Jones from C$95.00 to C$85.00 in a research note on Thursday. Finally, CIBC reduced their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.00.

Stella-Jones Trading Down 2.5 %

Shares of TSE:SJ opened at C$72.37 on Thursday. The company has a 50 day moving average of C$89.18 and a 200-day moving average of C$87.72. The firm has a market cap of C$4.08 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a twelve month low of C$71.41 and a twelve month high of C$98.00. The company has a current ratio of 6.57, a quick ratio of 1.20 and a debt-to-equity ratio of 93.08.

Stella-Jones Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, December 2nd. Stella-Jones’s dividend payout ratio is presently 18.09%.

Insider Activity at Stella-Jones

In related news, Director James Augustus Manzi sold 5,000 shares of the 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. Company insiders own 0.14% of the company’s stock.

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.