Stantec (TSE:STN) Price Target Raised to C$145.00

Stantec (TSE:STN) (NYSE:STN) had its target price upped by TD Securities from C$139.00 to C$145.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Raymond James boosted their price objective on shares of Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Canaccord Genuity Group boosted their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. CIBC raised their price target on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets upped their price objective on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$140.33.

Stantec Price Performance

TSE STN opened at C$123.26 on Wednesday. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a market capitalization of C$14.05 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 1.46 and a beta of 0.82. The stock has a 50-day moving average of C$112.66 and a 200 day moving average of C$113.38. Stantec has a one year low of C$103.48 and a one year high of C$129.39.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s payout ratio is 28.03%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was purchased 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.

About Stantec

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.