CIBC analyst Hamir Patel reiterated a Buy rating on Stella-Jones Inc on Thursday, setting a price target of C$54, which is approximately 26.61% above the present share price of $33.76.
Patel expects Stella-Jones Inc to post earnings per share (EPS) of $1.76 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Stella-Jones, with an average price target of $42.61.
The analysts price targets range from a high of $46.7 to a low of $36.41.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $903 million and a net profit of $161 million. The company's market cap is $2.2 billion.
According to TipRanks.com, CIBC analyst Hamir Patel is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.8% and a 61.08% success rate.
Stella-Jones, Inc. engages in the production and marketing of pressure treated wood products. It operates through the following business segments: Pressure-Treated Wood and Logs & Lumber. The Pressure-Treated Wood segment includes railway ties, utility poles, residential lumber, and industrial products. The Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that are determined to be unsuitable for use as utility poles. The company was founded in 1992 and is headquartered in Montreal, Canada.