Stantec (TSE:STN) Given New C$140.00 Price Target at Raymond James Financial

Stantec (TSE:STN) (NYSE:STN) had its target price lifted by equities researchers at Raymond James Financial from C$135.00 to C$140.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s price target would indicate a potential upside of 15.64% from the company’s current price.

Several other research analysts have also recently commented on STN. Desjardins set a C$169.00 target price on Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets increased their price target on Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada cut their target price on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Finally, Scotia lowered their price objective on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating for the company in a research report on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$140.92.

Stantec Trading Up 12.7%

Shares of STN traded up C$13.68 during midday trading on Friday, hitting C$121.07. The stock had a trading volume of 506,294 shares, compared to its average volume of 465,472. Stantec has a fifty-two week low of C$93.15 and a fifty-two week high of C$152.04. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98. The firm has a market cap of C$13.61 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. The business has a 50-day simple moving average of C$99.65 and a two-hundred day simple moving average of C$109.16.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Thursday, November 12th. The company reported C$1.89 EPS for the quarter. The business had revenue of C$2.35 billion during the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.

Insider Buying and Selling at Stantec

In other news, Director Susan Reisbord bought 2,068 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was bought at an average price of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the acquisition, the director owned 8,253 shares of the company’s stock, valued at C$846,675.27. This represents a 33.44% increase in their ownership of the stock. Also, Director Shelley Ann Marie Brown bought 393 shares of Stantec stock in a transaction dated Thursday, October 1st. The stock was acquired at an average cost of C$95.91 per share, with a total value of C$37,692.63. Following the transaction, the director owned 6,277 shares of the company’s stock, valued at C$602,027.07. This trade represents a 6.68% increase in their position. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable architecture, engineering, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.