Raymond James Financial Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by Raymond James Financial from C$135.00 to C$140.00 in a report issued on Friday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other research firms also recently commented on STN. ATB Cormark Capital Markets lifted their price objective on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Scotia cut their target price on Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 14th. Royal Bank Of Canada reduced their target price on Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$140.92.

Stantec Stock Performance

Shares of Stantec stock opened at C$122.20 on Friday. The firm has a market capitalization of C$13.74 billion, a P/E ratio of 27.58, a PEG ratio of 1.46 and a beta of 0.79. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The company has a 50 day moving average price of C$100.08 and a 200 day moving average price of C$109.08. Stantec has a 52 week low of C$93.15 and a 52 week high of C$152.04.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Thursday, November 12th. The company reported C$1.89 EPS for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The company had revenue of C$2.35 billion during the quarter.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were paid a $0.2450 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.8%. Stantec’s dividend payout ratio is presently 21.22%.

Insiders Place Their Bets

In other Stantec news, Director Shelley Ann Marie Brown bought 393 shares of Stantec stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the completion of the acquisition, the director directly owned 6,277 shares in the company, valued at approximately C$602,027.07. This trade represents a 6.68% increase in their position. Also, Director Susan Reisbord bought 2,068 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the transaction, the director directly owned 8,253 shares of the company’s stock, valued at C$846,675.27. This trade represents a 33.44% increase in their ownership of the stock. 0.27% of the stock is owned by corporate insiders.

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 architecture, engineering, 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.