Stella-Jones (TSE:SJ) Shares Cross Above 200 Day Moving Average – What’s Next?

Stella-Jones Inc. (TSE:SJ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$87.17 and traded as high as C$92.22. Stella-Jones shares last traded at C$90.26, with a volume of 212,168 shares.

Wall Street Analysts Forecast Growth

SJ has been the subject of a number of recent analyst reports. TD Securities upped their price target on shares of Stella-Jones from C$98.00 to C$103.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. CIBC upped their target price on shares of Stella-Jones from C$94.00 to C$97.00 in a report on Thursday, August 8th. Royal Bank of Canada raised their price target on Stella-Jones from C$94.00 to C$97.00 in a report on Wednesday, October 9th. Finally, National Bankshares upped their price objective 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$96.00.

Stella-Jones Price Performance

The firm has a market cap of C$5.09 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.40 and a beta of 0.64. The firm’s fifty day simple moving average is C$91.08 and its 200 day simple moving average is C$87.17. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57.

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

Insider Buying and Selling

In other news, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction dated 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 currently owned by company insiders.

Stella-Jones Company Profile

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.