Stantec (TSE:STN) Stock Price Target Raised at Raymond James Financial

Stantec (TSE:STN) (NYSE:STN) had its price target hoisted by investment analysts at Raymond James Financial from C$135.00 to C$140.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s price objective would suggest a potential upside of 15.64% from the stock’s current price.

Other analysts also recently issued research reports about the stock. ATB Cormark Capital Markets increased their target price on shares of Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada reduced their price objective on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Desjardins set a C$169.00 price objective on shares of Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Scotia lowered their target price on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating for the company in a research note on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Stantec presently has an average rating of “Buy” and a consensus target price of C$140.92.

Stantec Price Performance

Shares of TSE:STN traded up C$13.68 during midday trading on Friday, hitting C$121.07. The stock had a trading volume of 506,294 shares, compared to its average volume of 465,472. The company has a market capitalization of C$13.61 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The company’s 50-day moving average price is C$99.65 and its 200-day moving average price is C$109.16. Stantec has a fifty-two week low of C$93.15 and a fifty-two week high of C$152.04.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Thursday, November 12th. The company reported C$1.89 earnings per share for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The firm had revenue of C$2.35 billion for the quarter.

Insider Buying and Selling

In related news, Director Susan Reisbord bought 2,068 shares of Stantec stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of C$102.59 per share, with a total value of C$212,156.12. Following the transaction, the director directly owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. The trade was a 33.44% increase in their ownership of the stock. Also, Director Shelley Ann Marie Brown purchased 393 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the purchase, the director owned 6,277 shares in the company, valued at C$602,027.07. The trade was a 6.68% increase in their ownership of the stock. 0.27% of the stock is owned by corporate insiders.

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 architecture, engineering, 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.