|Over a month ago|
Stella-Jones price target lowered to C$59 from C$65 at Desjardins » 12:4508/0508/05/21
Desjardins analyst Benoit…
Desjardins analyst Benoit Poirier lowered the firm's price target on Stella-Jones to C$59 from C$65 and keeps a Buy rating on the shares.
Stella-Jones price target lowered to C$54 from C$56 at CIBC » 11:5608/0408/04/21
CIBC analyst Hamir Patel…
CIBC analyst Hamir Patel lowered the firm's price target on Stella-Jones to C$54 from C$56 and keeps an Outperformer rating on the shares.
Stella-Jones price target lowered to C$57 from C$62 at TD Securities » 11:2308/0408/04/21
TD Securities analyst…
TD Securities analyst Michael Tupholme lowered the firm's price target on Stella-Jones to C$57 from C$62 and keeps a Buy rating on the shares.
Stella-Jones upgraded to Outperform from Sector Perform at National Bank » 09:0108/0408/04/21
National Bank analyst…
National Bank analyst Maxim Sytchev upgraded Stella-Jones to Outperform from Sector Perform with an unchanged price target of C$52 post the Q2 results. The analyst says now is the time to buy the stock. The residential market "will settle as fires and still-robust home renovation market is unlikely to completely derail this vertical," Sytchev tells investors in a research note.
Stella-Jones downgraded to Sector Perform from Outperform at RBC Capital » 06:2308/0408/04/21
RBC Capital analyst…
RBC Capital analyst Walter Spracklin downgraded Stella-Jones to Sector Perform from Outperform with a price target of C$46, down from C$56. The company had "strong" results last year but with declining demand and prices in Residential Lumber, as well as reduced guidance and uncertainty around what level normalized EBITDA will decline to, the prospects for an out-sized return going forward are lower, the analyst tells investors in a research note.
Stella-Jones sees 2021 sales growth in low-to high teens vs. 2020 » 07:3208/0308/03/21
The Company has revised…
The Company has revised its full-year financial forecast to reflect the softening of residential lumber demand in the second half of 2021. Stella-Jones continues to foresee solid EBITDA growth in 2021 compared to 2020 but expects EBITDA to be in the range of C$410 to C$440 million, compared to the previously disclosed guidance of C$450 to C$480 million. The margin expansion realized in the first half of 2021 is projected to offset the margin compression expected from declining market prices of lumber until the Company averages down its higher cost of inventory. As a result, the Company anticipates EBITDA margin as a percentage of sales for 2021 to remain comparable to 2020. Excluding the impact of the currency conversion, the Company is projecting sales growth in the low-to-high teens for 2021 compared to 2020, down from the projected increase of 15% to low 20% previously disclosed. The decrease in the sales growth projection largely stems from the expected slowdown in consumer demand for residential lumber. Residential lumber sales are expected to increase 15% to 20% compared to 2020, down from the previously disclosed forecasted increase of 45% to 65%. While the sales growth forecast for utility poles remains unchanged with a high-single digit increase compared to 2020, railway ties and industrial products sales are projected to increase in the low-single digit range. For railway ties, the current pricing headwinds are expected to ease by the end of the year and the Company believes it will continue to benefit from increased maintenance activity. This updated guidance anticipates a reduction of approximately C$130 million in sales from the depreciation of the value of the U.S. dollar relative to the Canadian dollar to C$1.25 per U.S. dollar.
Stella-Jones reports Q2 EPS C$1.76 vs. C$1.02 last year » 07:2908/0308/03/21
Reports Q2 sales C$903M…
Reports Q2 sales C$903M vs. C$768M last year. "We are very pleased with our second quarter performance, which included strong sales growth in each of our product categories. Volume gains in utility poles and railway ties, combined with unprecedented high market prices of lumber, drove sales to over C$900 million and EBITDA to a record quarter," stated Eric Vachon, President and CEO of Stella-Jones. "These results allowed us to generate operating cash flows of C$173 million, reduce the indebtedness related to the seasonal investment in working capital in the first quarter and return C$38 million to shareholders during the quarter. While we have revised the full-year EBITDA forecast to reflect the normalization of lumber market conditions, we foresee solid EBITDA growth in 2021 and are confident that our leading utility poles and railway ties core product categories will continue to deliver sustained growth. With our financial strength, scale and focus on execution and innovation, we are uniquely positioned to capitalize on growth opportunities and generate solid returns for our shareholders."
Stella-Jones price target lowered to C$56 from C$60 at CIBC » 11:3807/2007/20/21
CIBC analyst Hamir Patel…
CIBC analyst Hamir Patel lowered the firm's price target on Stella-Jones to C$56 from C$60 and keeps an Outperformer rating on the shares.
|Over a quarter ago|
Stella-Jones price target raised to C$65 from C$61 at Desjardins » 11:3305/0505/05/21
Desjardins analyst Benoit…
Desjardins analyst Benoit Poirier raised the firm's price target on Stella-Jones to C$65 from C$61 and keeps a Buy rating on the shares.
Stella-Jones price target raised to C$56 from C$54 at Scotiabank » 12:1005/0405/04/21
Scotiabank analyst Mark…
Scotiabank analyst Mark Neville raised the firm's price target on Stella-Jones to C$56 from C$54 and keeps a Sector Perform rating on the shares.