Stantec (TSE:STN) Sets New 12-Month Low – Should You Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$113.09 and last traded at C$114.42, with a volume of 173735 shares trading hands. The stock had previously closed at C$117.38.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STN. Desjardins upped their price objective on shares of Stantec from C$173.00 to C$178.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Raymond James Financial cut their price objective on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Stantec from C$168.00 to C$175.00 in a research report on Friday, February 27th. TD Securities cut their price objective on shares of Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. Finally, Stifel Nicolaus cut their price objective on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and an average price target of C$159.00.

Stantec Price Performance

The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46. The stock has a market capitalization of C$11.40 billion, a P/E ratio of 23.79, a PEG ratio of 1.46 and a beta of 0.76. The company’s 50 day simple moving average is C$121.36 and its two-hundred day simple moving average is C$130.56.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The firm had revenue of C$2.07 billion for the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%.

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.