Stantec (TSE:STN) Price Target Raised to C$125.00

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by analysts at Canaccord Genuity Group from C$120.00 to C$125.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock.

A number of other brokerages have also weighed in on STN. Stifel Nicolaus increased their target price on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets increased their price objective on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Raymond James downgraded Stantec from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$123.50.

Stantec Price Performance

The company has a fifty day moving average of C$110.75 and a 200-day moving average of C$112.33. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. The company has a market capitalization of C$12.96 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 1.46 and a beta of 0.82. 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 announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating 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%.

Insider Activity

In other Stantec news, Director Asifa Samji bought 300 shares of Stantec stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the acquisition, the director now owns 840 shares in the company, valued at C$92,190. This trade represents a 0.00 % increase in their position. In related news, Director Vito Culmone acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji acquired 300 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the purchase, the director now owns 840 shares in the company, valued at C$92,190. The trade was a 0.00 % increase in their ownership of the stock. In the last ninety days, insiders bought 2,445 shares of company stock worth $274,636. 0.27% of the stock is currently owned by corporate insiders.

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.