Stantec Inc. (TSE:STN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$129.50.

Several equities analysts recently issued reports on STN shares. CIBC boosted their price target on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Scotiabank upgraded Stantec to a “strong-buy” rating in a research note on Friday, October 25th. BMO Capital Markets upped their price target on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Canaccord Genuity Group increased their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th.

Stantec Stock Down 0.7 %

Shares of Stantec stock opened at C$113.70 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a 12-month low of C$103.48 and a 12-month high of C$123.92. The company has a market cap of C$12.97 billion, a P/E ratio of 37.40, a PEG ratio of 1.46 and a beta of 0.82. The company’s fifty day simple moving average is C$116.76 and its two-hundred day simple moving average is C$114.27.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. Stantec’s dividend payout ratio is presently 27.63%.

Insider Activity

In other Stantec news, Director Vito Culmone purchased 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of C$121.49 per share, with a total value of C$485,960.00. Corporate insiders own 0.27% of the company’s stock.

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.