Stella-Jones Inc. (TSE:SJ) has garnered a consensus recommendation of “Moderate Buy” from six analysts currently monitoring the stock. According to Marketbeat, three analysts have issued hold ratings while the remaining three have assigned buy ratings. The average twelve-month price target for the company stands at C$91.33.
Several financial institutions have recently updated their outlook on Stella-Jones. On October 1, 2023, Desjardins raised its price target from C$89.00 to C$92.00, maintaining a “buy” rating. Scotiabank also increased its price objective on October 17, 2023, moving from C$81.00 to C$88.00. Meanwhile, National Bankshares boosted its target from C$92.00 to C$95.00 with an “outperform” rating on October 9, 2023. CIBC made a slight adjustment, lowering its target from C$90.00 to C$89.00 on November 7, 2023. Finally, TD Securities increased its target from C$90.00 to C$97.00 and reaffirmed a “buy” rating on November 6, 2023.
Stella-Jones recently announced its quarterly earnings on November 5, 2023, reporting earnings per share of C$1.59 for the quarter, with total revenue reaching C$958.00 million. The company achieved a net margin of 9.43% and a return on equity of 18.36%. Analysts anticipate that Stella-Jones will post an EPS of approximately 6.45 for the current fiscal year.
In related news, Director Michelle Annette Banik acquired 472 shares of the company’s stock on November 12, 2023, at an average price of C$84.60 per share. The total value of this transaction amounted to C$39,931.20. Following this acquisition, Banik’s direct ownership in the company increased to 472 shares, valued at the same amount. Currently, insiders hold approximately 0.14% of the stock.
Stella-Jones Inc. specializes in the production and sale of lumber and wood products, operating primarily in two segments: Pressure-treated wood and Logs & Lumber. The Pressure-treated wood segment includes utility poles, railway ties, residential lumber, and industrial products. The Logs & Lumber segment features the sale of logs deemed unsuitable for utility poles and excess lumber for local home-building markets.
The company’s recent performance and analysts’ positive outlook reflect a strong position in the market, as Stella-Jones continues to adapt to evolving industry demands.
