Stantec Inc. (TSE:STN) Director Catherine Margaret Schefer Acquires 605 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Catherine Margaret Schefer purchased 605 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average price of C$114.22 per share, with a total value of C$69,102.50.

Stantec Stock Performance

Shares of TSE STN opened at C$114.53 on Friday. The company has a debt-to-equity ratio of 75.54, a quick ratio of 1.46 and a current ratio of 1.34. The firm has a market cap of C$13.06 billion, a P/E ratio of 37.06, a PEG ratio of 1.46 and a beta of 0.87. The stock has a fifty day moving average price of C$111.82 and a two-hundred day moving average price of C$110.39. Stantec Inc. has a 1 year low of C$82.50 and a 1 year high of C$118.39.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.86 by C$0.04. The company had revenue of C$1.37 billion for the quarter, compared to analysts’ expectations of C$1.36 billion. Stantec had a return on equity of 13.32% and a net margin of 6.64%. Research analysts forecast that Stantec Inc. will post 4.2953046 EPS for the current fiscal year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 28th. Stantec’s dividend payout ratio is presently 27.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Raymond James lifted their price objective on shares of Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada increased their target price on shares of Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. BMO Capital Markets boosted their price objective on shares of Stantec from C$127.00 to C$128.00 in a research report on Friday, May 10th. Finally, TD Securities lifted their target price on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.85.

About Stantec

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.