What Next for Stella-Jones Inc. Stock After Today’s Huge Decline?


 What Next for Stella Jones Inc. Stock After Today's Huge Decline?

The stock of Stella-Jones Inc. (TSE:SJ) is a huge mover today! About 33,643 shares traded hands. Stella-Jones Inc. (TSE:SJ) has declined 8.69% since March 14, 2016 and is downtrending. It has underperformed by 14.23% the S&P500.
The move comes after 6 months negative chart setup for the $3.16 billion company. It was reported on Oct, 19 by Barchart.com. We have $42.09 PT which if reached, will make TSE:SJ worth $221.20 million less.

Stella-Jones Inc. (TSE:SJ) Ratings Coverage

Out of 6 analysts covering Stella-Jones Inc (TSE:SJ), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Stella-Jones Inc has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Stella-Jones Inc. (TSE:SJ) has “Buy” rating given on Monday, September 19 by Desjardins Securities. Scotia Capital maintained Stella-Jones Inc. (TSE:SJ) rating on Friday, August 12. Scotia Capital has “Sector Perform” rating and $53 price target. The firm has “Hold” rating by Desjardins Securities given on Monday, August 10. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, February 4. The firm earned “Buy” rating on Monday, August 10 by Acumen Capital. The rating was maintained by RBC Capital Markets on Wednesday, July 20 with “Outperform”.

More recent Stella-Jones Inc. (TSE:SJ) news were published by: Fool.ca which released: “Can Sideways Stella-Jones Inc. Soar Again?” on October 18, 2016. Also Seekingalpha.com published the news titled: “Acquisitions At Stella Jones” on April 14, 2016. Seekingalpha.com‘s news article titled: “Stella-Jones Continues Breaking Records” with publication date: April 28, 2016 was also an interesting one.

Stella-Jones Inc. is a Canada-based producer and marketer of pressure treated wood products. The company has a market cap of $3.16 billion. The Firm supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It has a 19.33 P/E ratio. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products.

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