Stantec (TSE:STN) Given New C$137.00 Price Target at Canadian Imperial Bank of Commerce

Stantec (TSE:STN) (NYSE:STN) had its price target decreased by stock analysts at Canadian Imperial Bank of Commerce from C$160.00 to C$137.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 39.58% from the stock’s previous close.

STN has been the topic of several other reports. Scotia dropped their price objective on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 15th. Stifel Nicolaus cut their target price on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Raymond James Financial cut their price objective on Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Desjardins lowered their target price on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, BMO Capital Markets reduced their price target on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$148.77.

Stantec Stock Up 0.6%

Stantec stock traded up C$0.61 during mid-day trading on Wednesday, reaching C$98.15. The stock had a trading volume of 155,069 shares, compared to its average volume of 442,645. 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 fifty-two week low of C$94.79 and a fifty-two week high of C$160.05. The stock’s 50-day simple moving average is C$105.56 and its 200-day simple moving average is C$119.99. The firm has a market capitalization of C$11.20 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.46 and a beta of 0.71.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 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.

Insider Transactions at Stantec

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

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.