Stantec Inc. (TSE:STN) Stock Has Average Target Price of C$143.00 According to Brokerages

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have earned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$143.00.

STN has been the topic of several recent research reports. Desjardins set a C$169.00 price target on Stantec and gave the stock a “buy” rating in a report on Friday, August 14th. ATB Cormark Capital Markets lifted their price objective on Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce lowered their price objective on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a research report on Wednesday, July 8th. Scotia cut their target price on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 14th. Finally, National Bank Financial reduced their target price on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a report on Monday, July 13th.

Stantec Price Performance

Stantec stock opened at C$96.42 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. Stantec has a 52-week low of C$93.15 and a 52-week high of C$160.05. The firm has a market cap of C$10.84 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. The company’s 50 day moving average is C$99.93 and its two-hundred day moving average is C$105.48.

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

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a $0.2450 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. Stantec’s dividend payout ratio is currently 21.22%.

Insiders Place Their Bets

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