Stantec (TSE:STN) Hits New 52-Week High at $117.33

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$117.33 and last traded at C$112.73, with a volume of 268206 shares traded. The stock had previously closed at C$116.60.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STN shares. Raymond James lifted their price objective on Stantec from C$120.00 to C$125.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. TD Securities upped their target price on shares of Stantec from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. ATB Capital downgraded Stantec from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$115.00 to C$120.00 in a research note on Friday, March 1st. National Bankshares boosted their price target on Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Scotiabank increased their price objective on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$120.46.

Stantec Trading Down 3.6 %

The stock has a 50-day moving average price of C$112.55 and a two-hundred day moving average price of C$105.85. The stock has a market capitalization of C$12.82 billion, a PE ratio of 37.73, a PEG ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The business had revenue of C$1.24 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. As a group, equities analysts forecast that Stantec Inc. will post 4.2454998 earnings per share for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.21 dividend. This is an increase from Stantec’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, March 27th. Stantec’s payout ratio is currently 28.19%.

Insider Activity

In other news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total transaction of C$232,040.00. Company insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.