Stantec (TSE:STN) Stock Jumps 14.8% – Here’s What Happened

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price traded up 14.8% during mid-day trading on Friday. The stock traded as high as C$124.50 and last traded at C$123.30. Approximately 422,957 shares were traded during mid-day trading, a decline of 9% from the average session volume of 465,004 shares. The stock had previously closed at C$107.39.

Wall Street Analyst Weigh In

A number of brokerages have commented on STN. Desjardins set a C$169.00 price objective on Stantec and gave the company a “buy” rating in a research note on Friday, August 14th. Scotia lowered their target price on 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. Royal Bank Of Canada lowered their target price on Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets increased their target price on Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Ten research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Stantec currently has a consensus rating of “Buy” and a consensus target price of C$143.00.

Stantec Price Performance

The firm has a 50 day moving average price of C$99.65 and a two-hundred day moving average price of C$109.16. The company has a market cap of C$13.75 billion, a P/E ratio of 27.60, 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 quick ratio of 1.46 and a current ratio of 1.50.

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

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were given a $0.2450 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 annualized dividend and a dividend yield of 0.8%. Stantec’s payout ratio is 21.22%.

Insider Activity at Stantec

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