What’s Propelling Stella-Jones Inc to Decline So Much?

 What's Propelling Stella Jones Inc to Decline So Much?

The stock of Stella-Jones Inc (TSE:SJ) is a huge mover today! About 48,516 shares traded hands. Stella-Jones Inc (TSE:SJ) has declined 6.44% since April 12, 2016 and is downtrending. It has underperformed by 11.12% the S&P500.
The move comes after 8 months negative chart setup for the $2.99B company. It was reported on Nov, 16 by Barchart.com. We have $39.91 PT which if reached, will make TSE:SJ worth $209.30M less.

Stella-Jones Inc (TSE:SJ) Ratings Coverage

Out of 6 analysts covering Stella-Jones Inc (TSE:SJ), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $59 is the highest target while $45 is the lowest. The $51.34 average target is 19.65% above today’s ($42.91) stock price. Stella-Jones Inc has been the topic of 23 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Desjardins Securities given on Monday, September 19. TD Securities downgraded the stock to “Hold” rating in Wednesday, November 9 report. The rating was maintained by RBC Capital Markets on Wednesday, July 20 with “Outperform”. On Friday, August 12 the stock rating was maintained by Scotia Capital with “Sector Perform”. The company was maintained on Monday, August 10 by Acumen Capital. Scotia Capital maintained Stella-Jones Inc (TSE:SJ) rating on Wednesday, November 9. Scotia Capital has “Sector Perform” rating and $53 price target. The firm has “Hold” rating given on Monday, August 10 by Desjardins Securities. The stock of Stella-Jones Inc (TSE:SJ) has “Outperform” rating given on Thursday, February 4 by RBC Capital Markets.

Another recent and important Stella-Jones Inc (TSE:SJ) news was published by Seekingalpha.com which published an article titled: “Stella-Jones Q3: Strong” on November 08, 2016.

Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The company has a market cap of $2.99 billion. The Firm supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It has a 17.64 P/E ratio. It makes and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar products.

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