Stantec (TSE:STN) Sets New 52-Week Low – Here’s What Happened

Stantec Inc. (TSE:STN) (NYSE:STN) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$99.51 and last traded at C$99.94, with a volume of 281643 shares changing hands. The stock had previously closed at C$103.04.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STN shares. Desjardins cut their target price on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce cut their target price on Stantec from C$173.00 to C$160.00 in a research report on Tuesday, May 19th. Scotia cut their target price on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada cut their target price on Stantec from C$175.00 to C$155.00 in a research report on Friday, May 15th. Finally, BMO Capital Markets cut their target price on Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec currently has an average rating of “Buy” and a consensus target price of C$150.54.

Stantec Stock Down 3.3%

The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. The firm has a market capitalization of C$11.36 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.46 and a beta of 0.76. The stock has a fifty day moving average price of C$115.00 and a two-hundred day moving average price of C$124.74.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$2.07 billion during the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.