Stantec Inc. (TSE:STN) Receives C$121.69 Consensus PT from Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$123.08.

Several research analysts have commented on STN shares. BMO Capital Markets boosted their target price on Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Finally, Stifel Nicolaus lifted their target price on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th.

Stantec Stock Up 2.8 %

STN stock opened at C$116.83 on Wednesday. The company has a market cap of C$13.33 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. Stantec has a 52 week low of C$82.50 and a 52 week high of C$122.57. The business has a 50-day simple moving average of C$110.89 and a 200 day simple moving average of C$112.33.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.01. The business had revenue of C$1.49 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio is currently 27.63%.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average price of C$112.97 per share, for a total transaction of C$225,940.00. In related news, Director Vito Culmone purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji acquired 300 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the purchase, the director now owns 840 shares in the company, valued at approximately C$92,190. This represents a 0.00 % increase in their position. In the last 90 days, insiders acquired 2,445 shares of company stock valued at $274,636. 0.27% of the stock is owned by company insiders.

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.