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  5. SJ: SJ has run up a lot recently. [Stella-Jones Inc.]
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Q: SJ has run up a lot recently. What are the reasons? Do you think it’s a sale?

Thanks,

Asked by Liping on June 13, 2023
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.