CIBC Raises Stantec (TSE:STN) Price Target to C$139.00

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by CIBC from C$134.00 to C$139.00 in a research report released on Wednesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. National Bankshares boosted their price target on shares of Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a report on Wednesday. Desjardins upped their target price on shares of Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity Group raised their price target on shares of Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, BMO Capital Markets increased their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Stock Performance

STN opened at C$128.12 on Wednesday. The stock’s 50 day simple moving average is C$112.05 and its 200-day simple moving average is C$113.28. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The stock has a market cap of C$14.61 billion, a PE ratio of 42.75, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 1 year low of C$103.48 and a 1 year high of C$129.39.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.21 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.66%. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

Insider Activity

In other news, Director Vito Culmone acquired 3,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by insiders.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.