Stantec (TSE:STN) Reaches New 12-Month High – Here’s What Happened

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$123.15 and last traded at C$123.05, with a volume of 46408 shares changing hands. The stock had previously closed at C$120.71.

Analyst Upgrades and Downgrades

Several analysts have recently commented on STN shares. Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus increased their price target on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$126.36.

Stantec Stock Performance

The stock’s 50 day moving average price is C$114.74 and its 200 day moving average price is C$113.47. 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 cap of C$14.04 billion, a PE ratio of 39.71, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is presently 27.63%.

Insider Activity

In other news, Director Vito Culmone purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of C$121.49 per share, with a total value of C$485,960.00. Insiders own 0.27% of the company’s stock.

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.