Stantec (TSE:STN) Price Target Raised to C$168.00

Stantec (TSE:STN) (NYSE:STN) had its price target hoisted by Royal Bank Of Canada from C$153.00 to C$168.00 in a report released on Monday,BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. Scotiabank raised their price objective on shares of Stantec from C$160.00 to C$161.00 in a research report on Friday, October 17th. Stifel Nicolaus increased their target price on shares of Stantec from C$160.00 to C$175.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. CIBC raised their price target on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Canaccord Genuity Group upped their price target on shares of Stantec from C$150.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial increased their price objective on Stantec from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and an average target price of C$162.91.

Stantec Trading Down 0.4%

Shares of STN stock opened at C$134.91 on Monday. The stock has a market capitalization of C$15.39 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.46 and a beta of 0.82. The company’s fifty day simple moving average is C$152.40 and its two-hundred day simple moving average is C$148.45. Stantec has a 1 year low of C$107.23 and a 1 year high of C$160.05. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The firm had revenue of C($435.10) million during the quarter.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.90 annualized dividend and a dividend yield of 0.7%. Stantec’s dividend payout ratio (DPR) is 20.87%.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.