Analysts Set Stantec Inc. (TSE:STN) PT at C$143.00

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given a consensus recommendation of “Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$143.00.

A number of research firms recently weighed in on STN. Canadian Imperial Bank of Commerce reduced their price objective on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Desjardins set a C$169.00 price target on Stantec and gave the company a “buy” rating in a report on Friday, August 14th. ATB Cormark Capital Markets increased their price objective on Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Scotiabank reduced their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Finally, Royal Bank Of Canada decreased their target price on Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, August 14th.

Insider Activity

In related news, Director Douglas Keith Ammerman purchased 681 shares of Stantec stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the transaction, the director owned 42,512 shares in the company, valued at approximately C$4,159,374.08. The trade was a 1.63% increase in their position. Also, Director Clayton Bock acquired 1,485 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the purchase, the director directly owned 4,895 shares in the company, valued at C$464,290.75. The trade was a 43.55% increase in their ownership of the stock. Over the last ninety days, insiders have acquired 4,234 shares of company stock worth $419,637. Corporate insiders own 0.27% of the company’s stock.

Stantec Stock Performance

Shares of STN opened at C$98.36 on Wednesday. The business has a 50-day simple moving average of C$100.07 and a two-hundred day simple moving average of C$108.70. Stantec has a 52 week low of C$93.28 and a 52 week high of C$160.05. The stock has a market cap of C$11.06 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.46 and a beta of 0.73. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. The business had revenue of C$2.23 billion for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 29th. Stantec’s dividend payout ratio is presently 21.22%.

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.