Canaccord Genuity Group upgraded shares of Stantec (TSE:STN – Free Report) (NYSE:STN) from a hold rating to a strong-buy rating in a report issued on Friday,Zacks.com reports.
Several other research firms have also recently commented on STN. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets increased their target price on Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their price target on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$124.33.
View Our Latest Stock Report on STN
Stantec Trading Up 3.0 %
Stantec Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 annualized dividend and a dividend yield of 0.73%. Stantec’s dividend payout ratio (DPR) is presently 27.63%.
Insider Buying and Selling
In related news, Director Asifa Samji purchased 300 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the transaction, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. This trade represents a 0.00 % increase in their position. In other Stantec news, Director Asifa Samji bought 300 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares in the company, valued at C$92,190. The trade was a 0.00 % increase in their position. Also, Director Vito Culmone acquired 2,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average cost of C$112.97 per share, with a total value of C$225,940.00. Insiders have bought 2,445 shares of company stock worth $274,636 in the last quarter. 0.27% of the stock is currently 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.
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