Brokerages Set Stantec Inc. (TSE:STN) Price Target at C$150.54

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$150.54.

Several analysts recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Scotia dropped their target price on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus dropped their target price on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Royal Bank Of Canada cut their target price on shares of Stantec from C$175.00 to C$155.00 in a research report on Friday, May 15th. Finally, Raymond James Financial decreased their price target on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th.

Insider Activity

In other Stantec news, Director Douglas Keith Ammerman bought 681 shares of the stock in a transaction on Thursday, July 2nd. The shares were purchased at an average price of C$97.84 per share, with a total value of C$66,629.04. Following the acquisition, the director directly owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. This represents a 1.63% increase in their position. Also, Director Clayton Bock bought 1,485 shares of the stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of C$94.85 per share, for a total transaction of C$140,852.25. Following the acquisition, the director directly owned 4,895 shares in the company, valued at approximately C$464,290.75. The trade was a 43.55% increase in their ownership of the stock. 0.27% of the stock is currently owned by insiders.

Stantec Stock Performance

Shares of TSE STN opened at C$99.19 on Friday. The business’s 50-day simple moving average is C$106.96 and its 200-day simple moving average is C$120.61. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. Stantec has a 52 week low of C$94.79 and a 52 week high of C$160.05. The firm has a market cap of C$11.31 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The firm had revenue of C$2.07 billion during the quarter.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.