Gordon Allan Johnston Purchases 4,000 Shares of Stantec (TSE:STN) Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Gordon Allan Johnston bought 4,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the completion of the transaction, the director owned 53,793 shares of the company’s stock, valued at approximately C$7,074,855.36. The trade was a 8.03% increase in their position.

Stantec Stock Down 1.8%

STN stock traded down C$2.59 during midday trading on Friday, hitting C$137.56. 294,432 shares of the company’s stock were exchanged, compared to its average volume of 351,771. The firm has a 50 day moving average price of C$133.50 and a 200-day moving average price of C$145.53. Stantec Inc. has a 12-month low of C$107.23 and a 12-month high of C$160.05. The stock has a market capitalization of C$15.69 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. The company had revenue of C$2.14 billion during the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Desjardins increased their price target on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Royal Bank Of Canada raised their target price on shares of Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. TD Securities upped their price target on Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a report on Monday, October 27th. CIBC increased their price objective on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, National Bankshares dropped their price target on Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$166.70.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.