Stantec (TSE:STN) Hits New 12-Month Low – What’s Next?

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) hit a new 52-week low on Tuesday . The stock traded as low as C$99.11 and last traded at C$100.75, with a volume of 240899 shares. The stock had previously closed at C$99.62.

Wall Street Analysts Forecast Growth

STN has been the topic of several research reports. Desjardins dropped 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. Scotia dropped 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. Canadian Imperial Bank of Commerce dropped their target price on Stantec from C$173.00 to C$160.00 in a research report on Tuesday, May 19th. Scotiabank dropped their target price on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Raymond James Financial dropped their target price on Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$150.54.

Stantec Stock Performance

The firm has a 50 day moving average of C$113.41 and a two-hundred day moving average of C$123.80. The stock has a market cap of C$11.50 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35.

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

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.