Stantec Inc. (TSE:STN) Receives C$120.69 Consensus Target Price from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$120.69.

Several brokerages recently issued reports on STN. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets increased their price target on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th.

Insider Activity at Stantec

In other Stantec news, Director Vito Culmone bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In related news, Director Vito Culmone acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of C$112.97 per share, with a total value of C$225,940.00. Also, Director Catherine Margaret Schefer purchased 605 shares of the business’s stock in a transaction on Friday, June 28th. The shares were bought at an average price of C$114.22 per share, for a total transaction of C$69,102.50. Insiders bought 3,050 shares of company stock valued at $343,739 over the last 90 days. Insiders own 0.27% of the company’s stock.

Stantec Stock Down 1.0 %

Shares of STN opened at C$108.81 on Friday. The firm has a fifty day moving average price of C$113.14 and a 200-day moving average price of C$112.70. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm has a market capitalization of C$12.41 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.46 and a beta of 0.83. Stantec has a 12-month low of C$82.50 and a 12-month high of C$122.57.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.11 by C$0.01. The company had revenue of C$1.49 billion during the quarter, compared to analysts’ expectations of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%. Equities research analysts expect that Stantec will post 5.0480077 earnings per share for the current year.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio is currently 27.63%.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.