Stantec (TSE:STN) Price Target Increased to C$145.00 by Analysts at Stifel Nicolaus

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by Stifel Nicolaus from C$130.00 to C$145.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on STN. BMO Capital Markets raised their target price on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Raymond James downgraded shares of Stantec from an outperform rating to a market perform rating and decreased their price objective for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$121.69.

Stantec Price Performance

The firm has a 50-day simple moving average of C$111.25 and a 200-day simple moving average of C$112.39. The stock has a market capitalization of C$12.85 billion, a P/E ratio of 37.32, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$122.57. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion for the quarter, compared to analysts’ expectations of C$1.49 billion. Stantec had a return on equity of 12.91% and a net margin of 6.31%.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio is presently 27.63%.

Insider Activity

In other Stantec news, Director Asifa Samji acquired 300 shares of Stantec stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the transaction, the director now owns 840 shares in the company, valued at approximately C$92,190. This trade represents a 0.00 % increase in their position. In related news, Director Vito Culmone bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji bought 300 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the transaction, the director now directly owns 840 shares of the company’s stock, valued at C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. Insiders bought a total of 2,445 shares of company stock worth $274,636 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.