Stantec (TSE:STN) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Stantec (TSE:STN) (NYSE:STN) from a hold rating to a strong-buy rating in a research note published on Friday morning,Zacks.com reports.

Several other brokerages have also commented on STN. Stifel Nicolaus raised their price objective on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. BMO Capital Markets raised their price target on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Finally, Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Stantec has a consensus rating of “Moderate Buy” and a consensus target price of C$124.33.

Stantec Stock Performance

Shares of Stantec stock opened at C$115.55 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm has a market capitalization of C$13.18 billion, a P/E ratio of 38.01, a P/E/G ratio of 1.46 and a beta of 0.82. The business has a fifty day simple moving average of C$111.32 and a two-hundred day simple moving average of C$112.71. Stantec has a 12 month low of C$92.40 and a 12 month high of C$122.57.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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 0.73%. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Activity at Stantec

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

Stantec Company Profile

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.