Stantec (TSE:STN) Reaches New 52-Week Low – Here’s What Happened

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) reached a new 52-week low during trading on Wednesday. The company traded as low as C$93.15 and last traded at C$93.98, with a volume of 212401 shares. The stock had previously closed at C$96.09.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce decreased their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. National Bank Financial cut their target price on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada cut their target price on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. Scotiabank lowered their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Finally, Desjardins set a C$169.00 price target on Stantec and gave the company a “buy” rating in a research note on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$143.00.

Stantec Price Performance

The company has a 50 day moving average price of C$100.05 and a 200-day moving average price of C$105.82. The company has a market cap of C$10.67 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.46 and a beta of 0.78. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The business had revenue of C$2.23 billion for the quarter.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.2450 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 29th. Stantec’s payout ratio is 21.22%.

Insiders Place Their Bets

In related news, Director Shelley Ann Marie Brown acquired 393 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average cost of C$95.91 per share, for a total transaction of C$37,692.63. Following the completion of the acquisition, the director directly owned 6,277 shares of the company’s stock, valued at approximately C$602,027.07. This trade represents a 6.68% increase in their position. Also, Director Susan Reisbord bought 2,068 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the transaction, the director owned 8,253 shares in the company, valued at C$846,675.27. The trade was a 33.44% increase in their ownership of the stock. Corporate insiders own 0.27% of the company’s stock.

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.