Stantec (TSE:STN) Price Target Lowered to C$138.00 at Scotia

Stantec (TSE:STN) (NYSE:STN) had its price target dropped by investment analysts at Scotia from C$146.00 to C$138.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotia’s target price suggests a potential upside of 31.05% from the stock’s previous close.

Several other equities research analysts have also weighed in on STN. Royal Bank Of Canada lowered their price objective on Stantec from C$175.00 to C$155.00 in a research note on Friday. TD Securities lowered their price objective on Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Stifel Nicolaus lowered their price objective on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Raymond James Financial lowered their price objective on Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Finally, Scotiabank lowered 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. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$151.69.

Stantec Stock Performance

Shares of TSE STN traded up C$5.39 during trading hours on Friday, hitting C$105.30. 362,013 shares of the company’s stock were exchanged, compared to its average volume of 398,363. Stantec has a 1-year low of C$99.67 and a 1-year high of C$160.05. 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$12.01 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.46 and a beta of 0.76. The company’s 50-day moving average price is C$121.36 and its 200-day moving average price is C$130.56.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) 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$2.07 billion for 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.