Stella-Jones Inc. (TSE:SJ) Receives Average Rating of “Moderate Buy” from Analysts

Stella-Jones Inc. (TSE:SJ) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$88.00.

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

Insider Buying and Selling at Stella-Jones

In other news, Senior Officer Richard Cuddihy acquired 500 shares of the stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$92.92, for a total value of C$464,583.48. Insiders acquired 10,750 shares of company stock valued at $753,042 in the last quarter. 0.14% of the stock is currently owned by insiders.

Stella-Jones Stock Up 1.0 %

Stella-Jones stock opened at C$74.45 on Friday. The firm has a market capitalization of C$4.20 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 2.40 and a beta of 0.64. The company’s 50 day simple moving average is C$81.19 and its 200 day simple moving average is C$86.54. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. Stella-Jones has a fifty-two week low of C$67.13 and a fifty-two week high of C$98.00.

Stella-Jones Announces Dividend

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 issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, December 2nd. Stella-Jones’s payout ratio is presently 18.09%.

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.