Stantec (TSE:STN) Price Target Raised to C$143.00 at National Bankshares

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by National Bankshares from C$140.00 to C$143.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group increased their price objective on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Raymond James upped their price target on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Stantec currently has an average rating of “Moderate Buy” and an average target price of C$140.33.

Stantec Trading Up 6.8 %

Shares of STN stock opened at C$128.12 on Wednesday. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The stock’s fifty day moving average is C$112.05 and its two-hundred day moving average is C$113.28. The firm has a market capitalization of C$14.61 billion, a P/E ratio of 42.75, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.66%. Stantec’s dividend payout ratio is currently 28.03%.

Insiders Place Their Bets

In related news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.