Stantec (TSE:STN) Price Target Raised to C$144.00 at Stifel Nicolaus

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by Stifel Nicolaus from C$135.00 to C$144.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Raymond James lifted their price objective on Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. CIBC lifted their price objective on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bankshares lifted their price target on Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research report on Wednesday. Desjardins lifted their price target on Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TD Securities lifted their price target on Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Stantec has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Price Performance

Shares of Stantec stock opened at C$128.12 on Wednesday. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The business’s 50 day simple moving average is C$112.05 and its two-hundred day simple moving average is C$113.28. The stock has a market capitalization of C$14.61 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a one year low of C$103.48 and a one year high of C$129.39.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio is currently 28.03%.

Insider Transactions at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of Stantec stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00. Company insiders own 0.27% of the company’s stock.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.