Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has received an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is C$143.00.

Several equities analysts have issued reports on the company. TD dropped their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Desjardins set a C$169.00 price target on Stantec and gave the company a “buy” rating in a report on Friday, August 14th. Scotiabank decreased their price target on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 10th. Royal Bank Of Canada dropped their price objective on 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, BMO Capital Markets cut their price objective on Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a research report on Friday, May 15th.

Stantec Trading Up 0.0%

Shares of Stantec stock opened at C$101.89 on Friday. The firm has a market cap of C$11.62 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. Stantec has a 52-week low of C$93.28 and a 52-week high of C$160.05. The company’s 50-day simple moving average is C$99.22 and its 200-day simple moving average is C$112.09. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The firm had revenue of C$2.23 billion during the quarter.

Insider Transactions at Stantec

In related news, Director Douglas Keith Ammerman acquired 681 shares of Stantec stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average price of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the purchase, the director directly owned 42,512 shares of the company’s stock, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock acquired 1,485 shares of Stantec stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the purchase, the director directly owned 4,895 shares of the company’s stock, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. Company 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 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.