Stantec Inc. (TSE:STN) Receives Consensus Rating of “Moderate Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$126.36.

Several research firms have issued reports on STN. Canaccord Genuity Group boosted their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Stifel Nicolaus upped their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Finally, Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th.

Stantec Trading Down 0.4 %

Shares of Stantec stock opened at C$120.25 on Thursday. The firm has a market cap of C$13.72 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 52-week low of C$96.31 and a 52-week high of C$122.83. The company’s 50-day simple moving average is C$113.70 and its 200-day simple moving average is C$113.33. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.70%. Stantec’s dividend payout ratio is presently 27.63%.

Insider Activity at Stantec

In other news, Director Vito Culmone bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of C$121.49 per share, with a total value of C$485,960.00. In the last 90 days, insiders have purchased 4,145 shares of company stock valued at $501,731. 0.27% of the stock is owned by corporate insiders.

Stantec Company Profile

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.