Stantec (TSE:STN) Director Douglas Keith Ammerman Buys 681 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Douglas Keith Ammerman acquired 681 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were 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 directly 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.

Stantec Trading Up 1.4%

Shares of Stantec stock opened at C$99.19 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. Stantec Inc. has a 12-month low of C$94.79 and a 12-month high of C$160.05. The company has a market capitalization of C$11.31 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.46 and a beta of 0.76. The firm’s 50-day moving average price is C$106.96 and its two-hundred day moving average price is C$120.61.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STN shares. Raymond James Financial reduced their target price on Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating and reduced their price objective for the company from C$157.00 to C$130.00 in a research note on Friday, May 15th. TD reduced their price objective on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada decreased their target price on Stantec from C$175.00 to C$155.00 in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Stantec from C$173.00 to C$160.00 in a research note on Tuesday, May 19th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$150.54.

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.