Brokerages Set Stantec Inc. (TSE:STN) Price Target at C$130.50

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$130.50.

Several research analysts have weighed in on STN shares. Raymond James raised their price objective on shares of Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. CIBC boosted their price objective on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Canaccord Genuity Group lifted their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Finally, Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th.

Stantec Stock Performance

Stantec stock opened at C$109.56 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The stock has a 50 day moving average of C$113.12 and a 200-day moving average of C$113.67. The stock has a market cap of C$12.49 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 52 week low of C$103.48 and a 52 week high of C$123.92.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.77%. Stantec’s dividend payout ratio is presently 28.03%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone bought 4,000 shares of the business’s stock in a transaction 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. 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.