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Stella-Jones ( (TSE:SJ) ) has issued an update.
Stella-Jones Inc. has completed the acquisition of Brooks Manufacturing Co., a company that produces treated wood distribution crossarms and transmission framing components. This strategic acquisition, valued at approximately US$140 million, is expected to enhance Stella-Jones’ position as a preferred partner for utilities and aligns with its goal to bolster infrastructure across North America. The acquisition is anticipated to have a positive impact on the company’s operations by expanding its product offerings and strengthening its market presence in the utility sector.
The most recent analyst rating on (TSE:SJ) stock is a Hold with a C$89.00 price target. To see the full list of analyst forecasts on Stella-Jones stock, see the TSE:SJ Stock Forecast page.
Spark’s Take on TSE:SJ Stock
According to Spark, TipRanks’ AI Analyst, TSE:SJ is a Outperform.
Stella-Jones scores a solid 78, reflecting its robust financial performance, particularly in cash flow generation and revenue growth. The technical indicators suggest a stable stock price with potential short-term fluctuations. The reasonable valuation and consistent dividend growth further support the stock’s attractiveness. While there are minor challenges, such as a decline in utility pole volumes, the overall outlook remains positive due to the company’s strong financial position and strategic initiatives.
To see Spark’s full report on TSE:SJ stock, click here.
More about Stella-Jones
Stella-Jones Inc. is a leading North American manufacturer specializing in products essential for infrastructure support, particularly in electrical distribution, transmission, and railway transportation systems. The company provides treated wood and steel utility poles, steel lattice towers, and treated wood railway ties and timbers to major electrical utilities and railroad operators across North America. Additionally, Stella-Jones manufactures and distributes premium treated residential lumber and accessories for outdoor applications, focusing significantly on servicing Canadian customers through its extensive manufacturing and distribution network.
Average Trading Volume: 102,930
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.37B
Learn more about SJ stock on TipRanks’ Stock Analysis page.