Stantec (TSE:STN) Director Purchases C$212,156.12 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Susan Reisbord acquired 2,068 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the acquisition, the director directly owned 8,253 shares of the company’s stock, valued at C$846,675.27. This represents a 33.44% increase in their ownership of the stock.

Stantec Stock Down 1.2%

TSE:STN opened at C$103.43 on Friday. Stantec Inc. has a 1-year low of C$93.28 and a 1-year high of C$160.05. The company has a 50-day moving average of C$99.59 and a 200 day moving average of C$110.95. The firm has a market cap of C$11.80 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The business had revenue of C$2.23 billion for the quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on STN shares. Stifel Nicolaus lowered their target price on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Scotia cut their price target on Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a report on Friday, August 14th. Desjardins set a C$169.00 price target on Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. Scotiabank decreased their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th. Finally, ATB Cormark Capital Markets raised their price objective on Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$143.00.

About Stantec

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.