Q: SJ has run up a lot recently. What are the reasons? Do you think it’s a sale?
Thanks,
Thanks,
5i Research Answer:
SJ raised its dividend in March and reported very strong Q1 earnings. EPS was 31% higher than estimates. It also announced a strong 3-year forecast, targetting sales of more than $3.6B by 2025. This set off a wave of broker upgrades. W think it is fine to hold at only 14X earnings.