Stantec Inc. (TSE:STN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$120.69.

A number of analysts recently weighed in on STN shares. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. BMO Capital Markets increased their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th.

Stantec Stock Performance

Stantec stock opened at C$107.60 on Friday. The firm’s 50 day simple moving average is C$113.41 and its 200 day simple moving average is C$112.73. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm has a market capitalization of C$12.27 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. Stantec has a 1-year low of C$82.50 and a 1-year high of C$122.57.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. The business had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%. As a group, analysts expect that Stantec will post 5.0480077 earnings per share for the current fiscal year.

Stantec Dividend Announcement

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

Insider Activity

In other Stantec news, Director Asifa Samji acquired 300 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the purchase, the director now owns 840 shares of the company’s stock, valued at C$92,190. In other news, Director Asifa Samji purchased 300 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the transaction, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. Also, Director Vito Culmone purchased 2,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of C$112.97 per share, with a total value of C$225,940.00. In the last 90 days, insiders acquired 3,050 shares of company stock valued at $343,739. Corporate insiders own 0.27% 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.