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

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$125.79 and last traded at C$125.29, with a volume of 142601 shares changing hands. The stock had previously closed at C$119.93.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on STN shares. Canaccord Genuity Group increased their target price on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. 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. CIBC increased their price target on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Finally, BMO Capital Markets lifted their price objective on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and a consensus price target of C$130.50.

Stantec Trading Up 4.6 %

The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The company has a market cap of C$14.30 billion, a P/E ratio of 41.86, a P/E/G ratio of 1.46 and a beta of 0.82. The business has a 50-day moving average price of C$111.98 and a two-hundred day moving average price of C$113.27.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.67%. Stantec’s dividend payout ratio is currently 28.03%.

Insider Activity

In related news, Director Vito Culmone purchased 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$112.03 per share, with a total value of C$336,099.00. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.