Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have received a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$36.28.
Several research firms recently weighed in on STN. Laurentian decreased their target price on shares of Stantec from C$36.50 to C$34.50 in a research note on Friday, February 23rd. National Bank Financial cut shares of Stantec from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$39.00 to C$37.00 in a research note on Friday, February 23rd. CIBC decreased their target price on shares of Stantec from C$39.00 to C$36.00 in a research note on Friday, February 23rd. Desjardins decreased their target price on shares of Stantec from C$43.00 to C$39.00 in a research note on Friday, February 23rd. Finally, TD Securities decreased their target price on shares of Stantec from C$38.00 to C$36.00 and set a “hold” rating for the company in a research note on Friday, February 23rd.
In related news, Director Valentino Dimanno acquired 1,552 shares of Stantec stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of C$32.20 per share, with a total value of C$49,974.40. Also, Director Russell Edward Wlad sold 10,000 shares of Stantec stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$35.57, for a total transaction of C$355,700.00. Insiders purchased 6,437 shares of company stock valued at $175,332 over the last three months.
Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.46 by C($0.14). Stantec had a net margin of 1.40% and a return on equity of 2.39%. The business had revenue of C$805.00 million during the quarter, compared to analyst estimates of C$861.63 million.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a dividend yield of 1.77%.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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