Stantec (TSE:STN) Price Target Lowered to C$138.00 at Scotia

Stantec (TSE:STN) (NYSE:STN) had its price objective dropped by research analysts at Scotia from C$146.00 to C$138.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotia’s target price indicates a potential upside of 31.05% from the stock’s current price.

Several other research analysts have also weighed in on STN. Scotiabank reduced their target price on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Stifel Nicolaus reduced their target price on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Raymond James Financial reduced their target price on Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Desjardins reduced their target price on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a report on Friday. Finally, TD reduced their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$151.69.

Stantec Trading Up 5.4%

STN traded up C$5.39 during mid-day trading on Friday, reaching C$105.30. The stock had a trading volume of 362,013 shares, compared to its average volume of 398,363. The stock has a market capitalization of C$12.01 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a debt-to-equity ratio of 96.66, a quick ratio of 1.46 and a current ratio of 1.23. The firm’s fifty day simple moving average is C$121.36 and its two-hundred day simple moving average is C$130.56. Stantec has a 52 week low of C$99.67 and a 52 week high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The firm had revenue of C$2.07 billion for the quarter.

About Stantec

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 engineering, architecture, 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.