Brokerages Set Stantec Inc. (TSE:STN) Price Target at C$77.22

Shares of Stantec Inc. (TSE:STN – Get Rating) (NYSE:STN) have been assigned an average recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$77.22.

A number of research analysts have issued reports on the stock. Raymond James upped their price target on shares of Stantec from C$80.00 to C$90.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 26th. CIBC upped their price target on shares of Stantec from C$74.00 to C$79.00 and gave the company an “outperform” rating in a research note on Monday, November 14th. TD Securities upped their price target on shares of Stantec from C$74.00 to C$79.00 and gave the company a “buy” rating in a research note on Monday, November 14th. Scotiabank increased their price objective on shares of Stantec from C$74.00 to C$80.00 in a research note on Friday, November 11th. Finally, Royal Bank of Canada boosted their target price on shares of Stantec from C$67.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Monday, November 14th.

Insider Activity at Stantec

In related news, Director Leonardo De Oliveira Castro sold 614 shares of Stantec stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of C$67.14, for a total value of C$41,223.96. In related news, Director Leonardo De Oliveira Castro sold 614 shares of Stantec stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of C$67.14, for a total value of C$41,223.96. Also, Director Jeffrey Philip Stone sold 3,000 shares of Stantec stock in a transaction dated Monday, November 21st. The shares were sold at an average price of C$67.23, for a total value of C$201,696.90.

Stantec Trading Up 0.1 %

TSE:STN opened at C$71.20 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.52 and a debt-to-equity ratio of 92.77. Stantec has a 52 week low of C$53.12 and a 52 week high of C$71.55. The stock has a market capitalization of C$7.89 billion and a price-to-earnings ratio of 41.64. The firm has a 50 day moving average of C$66.97 and a 200 day moving average of C$64.79.

Stantec (TSE:STN – Get Rating) (NYSE:STN) last issued its quarterly earnings results on Thursday, November 10th. The company reported C$0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.86. The company had revenue of C$1.16 billion for the quarter, compared to analyst estimates of C$1.14 billion. As a group, sell-side analysts anticipate that Stantec will post 3.4199999 earnings per share for the current fiscal year.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 17th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.01%. Stantec’s payout ratio is currently 41.23%.

About Stantec

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Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.