Stantec (TSE:STN) Reaches New 1-Year High – Still a Buy?

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) reached a new 52-week high on Wednesday . The company traded as high as C$123.15 and last traded at C$123.05, with a volume of 46408 shares traded. The stock had previously closed at C$120.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank raised shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. BMO Capital Markets increased their price target on Stantec from C$135.00 to C$138.00 in a research note on Friday. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Stifel Nicolaus raised their target price on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group boosted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$127.00.

Stantec Price Performance

The stock’s 50-day simple moving average is C$115.03 and its 200 day simple moving average is C$113.54. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. The company has a market cap of C$13.98 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.69%. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Transactions at Stantec

In related news, Director Vito Culmone acquired 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of C$121.49 per share, with a total value of C$485,960.00. Corporate 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.