Stantec (TSE:STN) Given New C$138.00 Price Target at Scotia

Stantec (TSE:STN) (NYSE:STN) had its price objective reduced by Scotia from C$146.00 to C$138.00 in a research note published on Friday,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

Several other research analysts also recently issued reports on STN. TD dropped their price objective on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a report on Friday. Desjardins dropped their price objective on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a report on Friday. National Bank Financial dropped their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Royal Bank Of Canada dropped their price objective on shares of Stantec from C$175.00 to C$155.00 in a report on Friday. Finally, Stifel Nicolaus dropped their price objective on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$151.69.

Stantec Stock Performance

Shares of STN opened at C$106.39 on Friday. The company has a market capitalization of C$12.14 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. Stantec has a one year low of C$99.67 and a one year high of C$160.05. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. The company’s fifty day moving average price is C$120.96 and its 200 day moving average price is C$130.39.

Stantec (TSE:STN) (NYSE:STN) last announced 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 firm had revenue of C$2.07 billion for 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.