Stantec (TSE:STN) Given Market Perform Rating at Raymond James

Stantec (TSE:STN) (NYSE:STN)‘s stock had its “market perform” rating reiterated by Raymond James in a report issued on Monday, BayStreet.CA reports. They presently have a C$35.00 target price on the stock. Raymond James’ price objective would suggest a potential upside of 9.72% from the company’s current price.

A number of other analysts have also commented on STN. BMO Capital Markets lifted their target price on shares of Stantec from C$38.00 to C$39.00 in a report on Monday, May 13th. TD Securities boosted their price target on shares of Stantec from C$34.00 to C$36.00 and gave the company a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada decreased their price target on shares of Stantec from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. National Bank Financial decreased their price target on shares of Stantec from C$34.00 to C$31.50 and set a “sector perform” rating for the company in a report on Friday, March 1st. Finally, Canaccord Genuity decreased their price target on shares of Stantec from C$40.00 to C$38.00 in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$36.78.

STN opened at C$31.90 on Monday. The stock’s fifty day simple moving average is C$32.15. The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 96.15. Stantec has a 52 week low of C$29.03 and a 52 week high of C$35.04. The firm has a market cap of $3.57 billion and a price-to-earnings ratio of 65.10.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Thursday, May 9th. The company reported C$0.45 EPS for the quarter, hitting analysts’ consensus estimates of C$0.45. The business had revenue of C$904.10 million for the quarter, compared to analyst estimates of C$892.80 million. Equities analysts forecast that Stantec will post 2.4100001 earnings per share for the current fiscal year.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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