Stantec (TSE:STN) Sets New 1-Year Low – Time to Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$94.62 and last traded at C$94.94, with a volume of 16302 shares. The stock had previously closed at C$95.77.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STN. Raymond James Financial dropped their target price on shares of Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Royal Bank Of Canada lowered their price objective on shares of Stantec from C$175.00 to C$155.00 in a research note on Friday, May 15th. BMO Capital Markets cut their price target on 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 cut their price target on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating for the company in a research note on Friday, May 15th. Finally, National Bank Financial decreased their price target on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$146.00.

Stantec Stock Up 1.2%

The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. The company has a market cap of C$10.85 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.46 and a beta of 0.71. The business’s 50 day moving average is C$100.08 and its 200 day moving average is C$117.01.

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

Insider Activity at Stantec

In other news, Director Douglas Keith Ammerman acquired 681 shares of the business’s stock in a transaction on 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 approximately C$4,159,374.08. This represents a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock bought 1,485 shares of Stantec stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the purchase, the director owned 4,895 shares in the company, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. 0.27% of the stock is owned by 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.