Stantec (STN) Lowered to Market Perform at Raymond James
Raymond James cut shares of Stantec (TSE:STN) (NYSE:STN) from an outperform rating to a market perform rating in a research report report published on Friday. Raymond James currently has C$35.50 price objective on the stock, down from their prior price objective of C$37.00.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of Stantec from C$38.00 to C$40.00 in a research note on Thursday, August 9th. Royal Bank of Canada lifted their price target on shares of Stantec from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research note on Friday. CIBC raised shares of Stantec from a neutral rating to an outperform rating in a research note on Monday, October 22nd. Canaccord Genuity lifted their price target on shares of Stantec from C$37.00 to C$40.00 in a research note on Monday, October 22nd. Finally, Laurentian raised shares of Stantec from a hold rating to a buy rating and set a C$39.00 price target on the stock in a research note on Monday, October 22nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Stantec presently has a consensus rating of Hold and an average target price of C$38.35.
STN traded down C$2.22 on Friday, reaching C$32.01. The company had a trading volume of 556,300 shares, compared to its average volume of 226,801. The company has a quick ratio of 1.63, a current ratio of 1.69 and a debt-to-equity ratio of 47.16. Stantec has a 52-week low of C$30.97 and a 52-week high of C$36.83.
In other Stantec news, Director Michael Aloysius Kennedy purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were purchased at an average cost of C$25.33 per share, with a total value of C$25,330.00.
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services Canada, Consulting Services United States, Consulting Services Global, and Construction Services.
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