Raymond James Financial Cuts Stantec (TSE:STN) Price Target to C$165.00

Stantec (TSE:STN) (NYSE:STN) had its target price trimmed by Raymond James Financial from C$180.00 to C$165.00 in a research note released on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the company. National Bank Financial reduced their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Royal Bank Of Canada upped their price objective on Stantec from C$168.00 to C$175.00 in a research note on Friday, February 27th. TD Securities dropped their price objective on Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Scotiabank dropped their price objective on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Finally, Stifel Nicolaus upped their price objective on Stantec from C$154.00 to C$160.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$159.00.

Stantec Trading Up 0.2%

TSE:STN opened at C$124.29 on Wednesday. Stantec has a twelve month low of C$114.84 and a twelve month high of C$160.05. The company has a quick ratio of 1.46, a current ratio of 1.23 and a debt-to-equity ratio of 96.66. The business has a 50 day moving average price of C$122.70 and a two-hundred day moving average price of C$133.13. The company has a market cap of C$14.18 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$0.82 earnings per share for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The firm had revenue of C$2.12 billion during the quarter.

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.