Stantec Inc. (STN) Receives $35.00 Average Target Price from Analysts
Stantec Inc. (NYSE:STN) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $35.00.
Several brokerages recently commented on STN. Zacks Investment Research raised shares of Stantec from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 13th. TD Securities reaffirmed a “hold” rating and set a $35.00 price target (down previously from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Scotiabank lowered shares of Stantec from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $36.00 to $34.00 in a research report on Friday, August 5th. Finally, National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th.
Shares of Stantec (NYSE:STN) opened at 23.35 on Thursday. The stock has a 50 day moving average of $23.40 and a 200-day moving average of $24.63. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 23.71 and a beta of 1.36. Stantec has a one year low of $20.71 and a one year high of $26.87.
Stantec (NYSE:STN) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business earned $1.05 billion during the quarter, compared to analyst estimates of $591.70 million. Stantec had a net margin of 3.88% and a return on equity of 10.55%. On average, equities analysts anticipate that Stantec will post $1.30 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Friday, September 30th were paid a dividend of $0.0863 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.35 annualized dividend and a yield of 1.48%. Stantec’s dividend payout ratio is currently 34.34%.
A number of large investors have recently added to or reduced their stakes in STN. Fiera Capital Corp increased its position in shares of Stantec by 13.7% in the second quarter. Fiera Capital Corp now owns 1,736,477 shares of the company’s stock valued at $41,917,000 after buying an additional 209,353 shares during the period. Grandeur Peak Global Advisors LLC increased its position in shares of Stantec by 8.5% in the second quarter. Grandeur Peak Global Advisors LLC now owns 799,138 shares of the company’s stock valued at $19,290,000 after buying an additional 62,619 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Stantec during the second quarter valued at $205,000. 1832 Asset Management L.P. increased its position in shares of Stantec by 4.2% in the second quarter. 1832 Asset Management L.P. now owns 3,530,264 shares of the company’s stock valued at $85,615,000 after buying an additional 143,503 shares during the period. Finally, Guardian Capital LP increased its position in shares of Stantec by 11.7% in the second quarter. Guardian Capital LP now owns 2,391,824 shares of the company’s stock valued at $57,603,000 after buying an additional 249,631 shares during the period. Institutional investors own 54.10% of the company’s stock.
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 segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
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