Stantec (TSE:STN) Given New C$130.00 Price Target at Raymond James

Stantec (TSE:STN) (NYSE:STN) had its price target raised by Raymond James from C$120.00 to C$130.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential upside of 12.72% from the stock’s current price.

A number of other research firms have also recently weighed in on STN. Canaccord Genuity Group upped their price target on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Stifel Nicolaus increased their price objective on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. CIBC raised their price target on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. BMO Capital Markets raised their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Finally, Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$130.50.

Stantec Stock Performance

Shares of TSE:STN traded up C$1.06 during midday trading on Thursday, reaching C$115.33. The company’s stock had a trading volume of 66,244 shares, compared to its average volume of 179,708. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92. 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 firm has a market capitalization of C$13.16 billion, a PE ratio of 37.94, a P/E/G ratio of 1.46 and a beta of 0.82. The stock has a fifty day moving average of C$115.64 and a 200 day moving average of C$114.19.

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

Insider Transactions at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price 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.