Stantec Inc. (TSE:STN) Receives Average Recommendation of “Buy” from Analysts

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 Ratings 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.

Several brokerages recently weighed in on STN. TD Securities lifted their price target on Stantec from C$74.00 to C$79.00 and gave the company a “buy” rating in a research note on Monday, November 14th. Royal Bank of Canada lifted their price target on Stantec from C$67.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Monday, November 14th. Scotiabank lifted their price target on Stantec from C$74.00 to C$80.00 in a research note on Friday, November 11th. CIBC lifted their price target on Stantec from C$74.00 to C$79.00 and gave the company an “outperform” rating in a research note on Monday, November 14th. Finally, Raymond James lifted their price target on 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.

Insider Transactions at Stantec

In other news, Director Leonardo De Oliveira Castro sold 614 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of C$67.14, for a total transaction of C$41,223.96. In other news, Director Jeffrey Philip Stone sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of C$67.23, for a total transaction of C$201,696.90. Also, Director Leonardo De Oliveira Castro sold 614 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of C$67.14, for a total value of C$41,223.96.

Stantec Trading Up 0.1 %

Shares of Stantec stock opened at C$71.20 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.46 and a debt-to-equity ratio of 92.77. Stantec has a 12-month low of C$53.12 and a 12-month high of C$71.55. The firm has a market capitalization of C$7.89 billion and a price-to-earnings ratio of 41.64. The firm’s 50 day simple moving average is C$66.97 and its two-hundred day simple moving average is C$64.79.

Stantec (TSE:STN – Get Rating) (NYSE:STN) last released its quarterly earnings data on Thursday, November 10th. The company reported C$0.86 earnings per share 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 analysts’ expectations of C$1.14 billion. Analysts predict that Stantec will post 3.4199999 EPS for the current year.

Stantec Announces Dividend

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

Stantec Company Profile

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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.