Stantec (TSE:STN – Get Free Report) (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.
View Our Latest Report on Stantec
Stantec Price Performance
Stantec (TSE:STN – Get Free Report) (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.
See Also
- Five stocks we like better than Stantec
- Why is the Ex-Dividend Date Significant to Investors?
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- How to Use the MarketBeat Stock Screener
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.