Stantec (TSE:STN) Price Target Increased to C$145.00 by Analysts at Stifel Nicolaus

Stantec (TSE:STN) (NYSE:STN) had its price target hoisted by equities research analysts at Stifel Nicolaus from C$130.00 to C$145.00 in a research report issued on Friday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 29.10% from the stock’s previous close.

Several other brokerages have also recently issued reports on STN. BMO Capital Markets boosted their price target on Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$121.69.

Stantec Stock Up 0.1 %

STN opened at C$112.32 on Friday. The stock has a fifty day moving average of C$111.38 and a 200-day moving average of C$112.41. The company has a market capitalization of C$12.81 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.46 and a beta of 0.83. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$122.57. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping the consensus estimate of C$1.11 by C$0.01. The business 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%. On average, equities analysts expect that Stantec will post 5.0556845 EPS for the current year.

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of C$112.97 per share, with a total value of C$225,940.00. In related news, Director Vito Culmone bought 2,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average price of C$112.97 per share, with a total value of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares in the company, valued at C$92,190. The trade was a 0.00 % increase in their position. Insiders have acquired a total of 2,445 shares of company stock worth $274,636 over the last 90 days. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.