Insider Selling: Stantec Inc. (STN) Director Sells 10,000 Shares of Stock
Stantec Inc. (TSE:STN) (NYSE:STN) Director Russell Edward Wlad sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of C$35.57, for a total value of C$355,700.00.
Shares of Stantec Inc. (TSE STN) traded down C$0.13 during mid-day trading on Friday, reaching C$35.25. The company had a trading volume of 142,875 shares, compared to its average volume of 201,356. Stantec Inc. has a 1 year low of C$30.24 and a 1 year high of C$37.13. The stock has a market cap of $4,020.00, a P/E ratio of 34.90 and a beta of 1.22.
Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Thursday, November 9th. The company reported C$0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.55 by C($0.01). Stantec had a return on equity of 9.76% and a net margin of 5.41%.
A number of brokerages have recently issued reports on STN. National Bank Financial cut their price target on Stantec from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a report on Friday, December 1st. CIBC lifted their price target on Stantec from C$38.00 to C$39.00 and gave the company a “neutral” rating in a report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$40.00 price target on shares of Stantec in a report on Monday, October 23rd. Desjardins lifted their price target on Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. Finally, Scotiabank reiterated an “outperform” rating and issued a C$40.00 price target on shares of Stantec in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$39.50.
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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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