Stantec (TSE:STN) Director Douglas Keith Ammerman Buys 681 Shares

Stantec Inc. (TSE:STN) (NYSE:STN) Director Douglas Keith Ammerman purchased 681 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the transaction, the director directly owned 42,512 shares in the company, valued at C$4,159,374.08. This trade represents a 1.63% increase in their position.

Stantec Stock Performance

Shares of TSE STN traded up C$1.36 during trading on Thursday, reaching C$99.18. 249,257 shares of the company traded hands, compared to its average volume of 441,713. The stock has a market cap of C$11.31 billion, a P/E ratio of 23.12, a PEG ratio of 1.46 and a beta of 0.76. The firm’s fifty day simple moving average is C$107.45 and its 200 day simple moving average is C$120.82. 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 Inc. has a 12-month low of C$94.79 and a 12-month high of C$160.05.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Desjardins lowered their price objective on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. TD cut their target price on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a report on Friday, May 15th. BMO Capital Markets decreased their target price on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Raymond James Financial dropped their price target on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Finally, National Bank Financial dropped their price target on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Thirteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$150.54.

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.