Stantec Inc. (TSE:STN) (NYSE:STN) – Investment analysts at National Bank Financial reduced their FY2018 earnings per share estimates for shares of Stantec in a research note issued on Thursday. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $1.95 for the year, down from their previous estimate of $2.21. National Bank Financial also issued estimates for Stantec’s FY2019 earnings at $2.40 EPS.
A number of other equities analysts also recently weighed in on the stock. CIBC increased their price target on shares of Stantec from C$37.00 to C$38.00 in a research note on Monday. Desjardins increased their price objective on shares of Stantec from C$39.00 to C$43.00 in a research report on Monday. Scotiabank reissued an “outperform” rating and issued a C$40.00 price objective on shares of Stantec in a research report on Friday, November 10th. Raymond James Financial, Inc. increased their price objective on shares of Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity increased their price objective on shares of Stantec from C$34.00 to C$36.00 in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$39.43.
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Stantec (STN) traded down C$0.02 during trading hours on Monday, reaching C$35.94. 107,226 shares of the company’s stock were exchanged, compared to its average volume of 204,438. Stantec has a 12 month low of C$30.24 and a 12 month high of C$37.13.
In related news, Director Donald James Lowry acquired 3,000 shares of Stantec stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of C$33.50 per share, for a total transaction of C$100,500.00. Also, Director Paul Jeremy David Alpern sold 1,498 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of C$33.99, for a total transaction of C$50,917.02.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, December 28th. Stantec’s payout ratio is 48.27%.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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