Brokerages Set Stantec Inc. (TSE:STN) PT at C$146.00

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Thirteen investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$146.00.

A number of research firms recently commented on STN. Desjardins cut their price objective on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. National Bank Financial decreased their target price on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Raymond James Financial lowered their price target on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Scotiabank dropped their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 10th. Finally, BMO Capital Markets reduced their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th.

Insiders Place Their Bets

In other news, Director Clayton Bock bought 1,485 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the purchase, the director directly owned 4,895 shares of the company’s stock, valued at approximately C$464,290.75. This represents a 43.55% increase in their ownership of the stock. Also, Director Douglas Keith Ammerman bought 681 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average price of C$97.84 per share, for a total transaction of C$66,629.04. Following the acquisition, the director owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. 0.27% of the stock is owned by company insiders.

Stantec Stock Down 1.9%

Shares of STN opened at C$93.99 on Tuesday. The company has a market capitalization of C$10.72 billion, a PE ratio of 21.91, a PEG ratio of 1.46 and a beta of 0.71. Stantec has a 12 month low of C$93.28 and a 12 month high of C$160.05. The stock’s 50-day moving average price is C$100.30 and its two-hundred day moving average price is C$117.16. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The firm had revenue of C$2.07 billion for the quarter.

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.