ATB Cormark Capital Markets Upgrades Stantec (TSE:STN) to Outperform

Stantec (TSE:STN) (NYSE:STN) was upgraded by equities research analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a report released on Friday,BayStreet.CA reports. The firm presently has a C$130.00 price target on the stock, down from their prior price target of C$157.00. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 23.46% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on STN. Stifel Nicolaus cut their target price on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. TD cut their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research note on Friday. Scotiabank dropped their price target on Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. TD Securities dropped their price target on Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Finally, Scotia dropped 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. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$151.69.

Stantec Price Performance

TSE STN traded up C$5.39 on Friday, hitting C$105.30. 362,013 shares of the company’s stock were exchanged, compared to its average volume of 398,363. The stock has a 50-day moving average of C$121.36 and a 200-day moving average of C$130.56. The company has a current ratio of 1.23, a quick ratio of 1.46 and a debt-to-equity ratio of 96.66. Stantec has a 52 week low of C$99.67 and a 52 week high of C$160.05. The stock has a market cap of C$12.01 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The firm had revenue of C$2.07 billion during the quarter.

About Stantec

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.