Stantec (TSE:STN) Hits New 1-Year Low – Time to Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares hit a new 52-week low on Wednesday . The company traded as low as C$99.51 and last traded at C$99.94, with a volume of 281643 shares changing hands. The stock had previously closed at C$103.04.

Analyst Ratings Changes

STN has been the topic of a number of research reports. National Bank Financial dropped their target price on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. TD Securities dropped their target price on Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating and dropped their target price for the company from C$157.00 to C$130.00 in a report on Friday, May 15th. BMO Capital Markets dropped their target price on Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Scotiabank dropped 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. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$150.54.

Stantec Trading Up 0.7%

The firm has a market cap of C$11.53 billion, a P/E ratio of 23.56, a PEG ratio of 1.46 and a beta of 0.76. The company has a 50 day moving average of C$114.24 and a 200 day moving average of C$124.28. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. The business had revenue of C$2.07 billion during the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

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.