Analysts Set Stantec Inc. (TSE:STN) Target Price at C$120.69

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$120.69.

A number of brokerages recently commented on STN. Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. BMO Capital Markets raised their target price on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th.

Stantec Stock Up 2.5 %

Shares of TSE:STN opened at C$107.73 on Friday. The business’s 50 day simple moving average is C$113.71 and its two-hundred day simple moving average is C$112.83. The firm has a market cap of C$12.29 billion, a P/E ratio of 35.44, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a 52-week low of C$82.50 and a 52-week high of C$122.57.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion during the quarter, compared to the consensus estimate of C$1.49 billion. Stantec had a return on equity of 12.91% and a net margin of 6.31%. As a group, research analysts forecast that Stantec will post 5.0480077 EPS for the current fiscal year.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio (DPR) is currently 27.63%.

Insiders Place Their Bets

In other news, Director Asifa Samji purchased 300 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares in the company, valued at approximately C$92,190. In related news, Director Asifa Samji acquired 300 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares in the company, valued at C$92,190. Also, Director Catherine Margaret Schefer acquired 605 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was bought at an average price of C$114.22 per share, for a total transaction of C$69,102.50. Insiders bought a total of 3,050 shares of company stock valued at $343,739 over the last 90 days. 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.