Stantec Inc. (TSE:STN) Stock Has Consensus Price Target of C$143.00

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average recommendation of “Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$143.00.

A number of brokerages have commented on STN. Desjardins set a C$169.00 target price on shares of Stantec and gave the stock a “buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets increased their price target on shares of Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada reduced their price target on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce reduced their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Finally, Scotiabank decreased their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th.

Insider Transactions at Stantec

In other Stantec news, Director Susan Reisbord acquired 2,068 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of C$102.59 per share, with a total value of C$212,156.12. Following the transaction, the director owned 8,253 shares of the company’s stock, valued at C$846,675.27. This trade represents a 33.44% increase in their ownership of the stock. Also, Director Shelley Ann Marie Brown bought 393 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was bought at an average cost of C$95.91 per share, for a total transaction of C$37,692.63. Following the transaction, the director directly owned 6,277 shares of the company’s stock, valued at C$602,027.07. The trade was a 6.68% increase in their ownership of the stock. 0.27% of the stock is currently owned by company insiders.

Stantec Price Performance

STN stock opened at C$100.93 on Thursday. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46. The business has a 50 day simple moving average of C$98.71 and a 200-day simple moving average of C$110.51. The firm has a market capitalization of C$11.51 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. Stantec has a 1 year low of C$93.15 and a 1 year high of C$158.13.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. The firm had revenue of C$2.23 billion for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were paid a dividend of $0.2450 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.0%. Stantec’s dividend payout ratio (DPR) is 21.22%.

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.