Stantec (TSE:STN) Price Target Cut to C$140.00 by Analysts at Stifel Nicolaus

Stantec (TSE:STN) (NYSE:STN) had its price target dropped by Stifel Nicolaus from C$160.00 to C$140.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 13.43% from the stock’s current price.

Several other brokerages also recently commented on STN. Royal Bank Of Canada increased their target price on shares of Stantec from C$168.00 to C$175.00 in a report on Friday, February 27th. Desjardins boosted their target price on Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Raymond James Financial dropped their price target on Stantec from C$180.00 to C$165.00 in a report on Wednesday. TD Securities decreased their target price on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. Finally, National Bank Financial decreased their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$159.00.

Stantec Stock Up 0.7%

TSE STN traded up C$0.91 during trading hours on Thursday, hitting C$123.42. The company’s stock had a trading volume of 158,522 shares, compared to its average volume of 385,385. The company has a market capitalization of C$14.08 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. The company has a current ratio of 1.23, a quick ratio of 1.46 and a debt-to-equity ratio of 96.66. Stantec has a 52 week low of C$114.84 and a 52 week high of C$160.05. The company’s 50-day simple moving average is C$122.67 and its two-hundred day simple moving average is C$133.19.

Stantec (TSE:STN) (NYSE:STN) last posted its 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 company had revenue of C$2.12 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.