Stantec (TSE:STN) Given New C$146.00 Price Target at Royal Bank Of Canada

Stantec (TSE:STN) (NYSE:STN) had its price objective reduced by Royal Bank Of Canada from C$148.00 to C$146.00 in a research report report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on STN. BMO Capital Markets reduced their price target on Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus cut their price objective on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce reduced their target price on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. Desjardins dropped their price target on Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, National Bank Financial dropped their price target on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stantec presently has an average rating of “Buy” and a consensus price target of C$143.00.

Stantec Price Performance

TSE:STN opened at C$102.22 on Friday. Stantec has a 52-week low of C$93.28 and a 52-week high of C$160.05. The stock has a fifty day moving average of C$99.09 and a 200 day moving average of C$113.27. 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$11.66 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 1.46 and a beta of 0.70.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. The company had revenue of C$2.23 billion during the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%.

Insiders Place Their Bets

In other news, Director Douglas Keith Ammerman purchased 681 shares of the stock in a transaction on Thursday, July 2nd. The shares were acquired at an average price of C$97.84 per share, with a total value of C$66,629.04. Following the completion of the acquisition, the director directly owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock purchased 1,485 shares of the business’s stock in a transaction on Friday, June 26th. The stock was acquired at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the purchase, the director directly owned 4,895 shares in the company, valued at C$464,290.75. This represents a 43.55% increase in their position. Insiders own 0.27% of the company’s stock.

Key Stories Impacting Stantec

Here are the key news stories impacting Stantec this week:

• Positive Sentiment: Brokerages assigned Stantec a consensus “Buy” rating, indicating generally positive expectations for the engineering and consulting company. Stantec Inc. Given Consensus Recommendation of Buy by Brokerages
• Positive Sentiment: Desjardins initiated coverage with a “Buy” rating and a C$169 price target, implying approximately 64.7% potential upside. BayStreet analyst ratings
• Positive Sentiment: ATB Cormark raised its price target to C$133 from C$130 and reiterated an “Outperform” rating, implying roughly 29.7% upside. BayStreet analyst ratings
• Positive Sentiment: Royal Bank of Canada kept an “Outperform” rating with a C$146 target, while Scotia maintained “Sector Outperform” with a C$129 target. Both targets remain materially above the reference price. BayStreet analyst ratings

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.