Stantec Inc. (TSE:STN) Stock Has Consensus Target Price of C$143.00

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$143.00.

Several equities research analysts have issued reports on the stock. Desjardins set a C$169.00 price objective on shares of Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. Scotia lowered their price target on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce cut their price objective on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. ATB Cormark Capital Markets raised their target price on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada cut their price target on Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research note on Friday, August 14th.

Insider Activity at Stantec

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

Stantec Stock Performance

Shares of STN stock opened at C$110.15 on Thursday. The stock has a market cap of C$12.56 billion, a P/E ratio of 24.86, a P/E/G ratio of 1.46 and a beta of 0.79. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46. The company has a fifty day moving average price of C$99.10 and a two-hundred day moving average price of C$110.09. Stantec has a one year low of C$93.15 and a one year high of C$158.13.

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

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.2450 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 29th. Stantec’s dividend payout ratio is 21.22%.

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.