Stantec Inc. (TSE:STN) Receives C$120.85 Consensus Price Target from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$120.85.

A number of equities research analysts have recently weighed in on STN shares. BMO Capital Markets boosted their target price on Stantec from C$127.00 to C$128.00 in a research note on Friday, May 10th. Stifel Nicolaus increased their price target on shares of Stantec from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price target on Stantec from C$123.00 to C$125.00 in a research note on Friday, May 10th. National Bankshares increased their price objective on shares of Stantec from C$126.00 to C$128.00 in a research report on Friday, May 10th. Finally, Scotiabank boosted their price objective on shares of Stantec from C$119.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Thursday, May 2nd.

Stantec Trading Up 3.2 %

TSE STN opened at C$116.52 on Monday. The business has a 50 day simple moving average of C$112.10 and a 200 day simple moving average of C$110.70. Stantec has a one year low of C$82.50 and a one year high of C$118.39. The stock has a market capitalization of C$13.29 billion, a P/E ratio of 37.71, a P/E/G ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 75.54, a current ratio of 1.34 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.90 EPS for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. The business had revenue of C$1.37 billion for the quarter, compared to analyst estimates of C$1.36 billion. Stantec had a return on equity of 13.32% and a net margin of 6.64%. Research analysts expect that Stantec will post 4.2953046 earnings per share for the current year.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, June 28th. Stantec’s payout ratio is 27.18%.

Insider Activity

In other Stantec news, Director Catherine Margaret Schefer acquired 605 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was purchased at an average price of C$114.22 per share, with a total value of C$69,102.50. Insiders own 0.26% of the company’s stock.

About Stantec

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.