Stantec Inc. (TSE:STN) Receives C$123.50 Average PT from Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$123.50.

STN has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$120.00 to C$125.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price target on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th.

Stantec Price Performance

Stantec stock opened at C$112.16 on Friday. The business’s fifty day moving average is C$111.32 and its two-hundred day moving average is C$112.70. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The firm has a market cap of C$12.79 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 52 week low of C$86.94 and a 52 week high of C$122.57.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. Stantec had a net margin of 6.31% and a return on equity of 12.91%. The company had revenue of C$1.49 billion during the quarter, compared to the consensus estimate of C$1.49 billion.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.75%. Stantec’s dividend payout ratio is 27.63%.

Insider Activity

In other Stantec news, Director Asifa Samji bought 300 shares of Stantec stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares in the company, valued at approximately C$92,190. The trade was a 0.00 % increase in their position. In related news, Director Vito Culmone acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares of the company’s stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. Insiders bought 2,445 shares of company stock valued at $274,636 in the last quarter. Company insiders own 0.27% of the company’s stock.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.