Analysts Set Stantec Inc. (TSE:STN) Target Price at C$143.00

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have earned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$143.00.

Several equities research analysts recently commented on the stock. ATB Cormark Capital Markets boosted 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. Canadian Imperial Bank of Commerce lowered their target price on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. National Bank Financial dropped their price target on Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. TD cut their price target on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Royal Bank Of Canada reduced their price objective on Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, August 14th.

Insider Transactions at Stantec

In other news, Director Douglas Keith Ammerman acquired 681 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the acquisition, the director directly owned 42,512 shares in the company, valued at approximately C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock. Also, Director Susan Reisbord acquired 2,068 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of C$102.59 per share, for a total transaction of C$212,156.12. Following the completion of the transaction, the director directly owned 8,253 shares in the company, valued at C$846,675.27. This represents a 33.44% increase in their position. Over the last 90 days, insiders have bought 4,234 shares of company stock worth $419,637. Corporate insiders own 0.27% of the company’s stock.

Stantec Price Performance

STN opened at C$96.64 on Wednesday. The stock has a fifty day simple moving average of C$100.10 and a two-hundred day simple moving average of C$109.12. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98. The company has a market cap of C$10.86 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. Stantec has a 12-month low of C$93.28 and a 12-month high of C$160.05.

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

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.