Stantec Inc. (TSE:STN) Receives C$129.50 Average PT from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$130.50.

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. BMO Capital Markets lifted their price target on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Scotiabank raised Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Raymond James lifted their price target on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a report on Tuesday.

Stantec Stock Up 0.2 %

Shares of TSE:STN opened at C$112.24 on Friday. Stantec has a 52 week low of C$103.48 and a 52 week high of C$123.92. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The company’s fifty day moving average is C$115.75 and its 200-day moving average is C$114.20. The company has a market capitalization of C$12.80 billion, a PE ratio of 36.92, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Thursday, November 7th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$1.24 by C$0.06. Stantec had a net margin of 6.31% and a return on equity of 12.91%. During the same period in the prior year, the firm posted $1.14 EPS.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.75%. Stantec’s dividend payout ratio is currently 27.63%.

Insiders Place Their Bets

In related news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$112.03 per share, with a total value of C$336,099.00. Company insiders own 0.27% of the company’s stock.

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.