Stantec (TSE:STN) Price Target Raised to C$130.00 at Raymond James

Stantec (TSE:STN) (NYSE:STN) had its price objective lifted by Raymond James from C$120.00 to C$130.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target suggests a potential upside of 15.59% from the stock’s current price.

STN has been the topic of several other reports. Stifel Nicolaus lifted their price objective on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. BMO Capital Markets lifted their price target on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. CIBC increased their price objective on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group boosted their target price on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Stantec presently has an average rating of “Moderate Buy” and an average price target of C$130.50.

Stantec Stock Down 1.8 %

Shares of Stantec stock opened at C$112.47 on Thursday. Stantec has a 12-month low of C$103.48 and a 12-month high of C$123.92. The firm has a market capitalization of C$12.83 billion, a PE ratio of 37.00, 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. The stock’s fifty day moving average is C$115.43 and its 200-day moving average is C$114.15.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.24 by C$0.06. Stantec had a return on equity of 12.91% and a net margin of 6.31%. During the same quarter in the prior year, the firm posted $1.14 EPS.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by 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.