Stifel Nicolaus Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by Stifel Nicolaus from C$169.00 to C$173.00 in a research note published on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on STN. Desjardins increased their target price on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. National Bankshares cut their price objective on shares of 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. TD Securities boosted 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. Royal Bank Of Canada increased their price objective on Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and an average price target of C$166.50.

Stantec Stock Up 2.1%

TSE STN opened at C$138.61 on Friday. Stantec has a twelve month low of C$108.09 and a twelve month high of C$160.05. The stock has a market cap of C$15.81 billion, a PE ratio of 32.69, a PEG ratio of 1.46 and a beta of 0.79. The firm has a 50-day simple moving average of C$133.87 and a 200 day simple moving average of C$144.49. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

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

Insiders Place Their Bets

In other news, Director Gordon Allan Johnston bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were bought at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the acquisition, the director directly owned 53,793 shares in the company, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their ownership of the stock. Insiders own 0.27% of the company’s stock.

About Stantec

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.