Stella-Jones (SJ) Given New C$52.00 Price Target at CIBC

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Stella-Jones (TSE:SJ) had its price target cut by CIBC from C$53.00 to C$52.00 in a report issued on Wednesday.

A number of other equities research analysts have also recently weighed in on SJ. National Bank Financial set a C$53.00 price objective on shares of Stella-Jones and gave the stock an outperform rating in a report on Wednesday, July 25th. Desjardins upgraded shares of Stella-Jones from a hold rating to a buy rating in a report on Wednesday, August 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Stella-Jones currently has a consensus rating of Buy and an average price target of C$52.38.

Shares of TSE SJ opened at C$44.56 on Wednesday. Stella-Jones has a 1 year low of C$42.90 and a 1 year high of C$52.22.

Stella-Jones (TSE:SJ) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.67 by C$0.02. Stella-Jones had a net margin of 8.11% and a return on equity of 15.87%. The company had revenue of C$662.30 million for the quarter, compared to analysts’ expectations of C$618.10 million.

About Stella-Jones

Stella-Jones Inc produces, markets, and sells pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, and panelized railway crossings; and construction timbers.

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