Stantec (TSE:STN) Lifted to “Strong-Buy” at Scotiabank

Scotiabank upgraded shares of Stantec (TSE:STN) (NYSE:STN) to a strong-buy rating in a report issued on Friday, Zacks.com reports.

A number of other equities research analysts have also recently commented on STN. BMO Capital Markets increased their target price on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Canaccord Genuity Group increased their price objective on shares of Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Stifel Nicolaus boosted their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and a consensus target price of C$123.50.

Stantec Stock Up 0.0 %

STN opened at C$113.64 on Friday. The company has a fifty day moving average of C$111.04 and a two-hundred day moving average of C$112.43. The stock has a market capitalization of C$12.96 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$122.57. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. Stantec had a net margin of 6.31% and a return on equity of 12.91%. The company had revenue of C$1.49 billion during the quarter, compared to analysts’ expectations of C$1.49 billion.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, September 27th. Stantec’s dividend payout ratio (DPR) is 27.63%.

Insider Buying and Selling at Stantec

In other news, Director Asifa Samji purchased 300 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the transaction, the director now directly owns 840 shares in the company, valued at approximately C$92,190. This represents a 0.00 % increase in their position. In other Stantec news, Director Asifa Samji purchased 300 shares of Stantec stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the transaction, the director now owns 840 shares of the company’s stock, valued at C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. Also, Director Vito Culmone acquired 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of C$112.97 per share, with a total value of C$225,940.00. Insiders have bought a total of 2,445 shares of company stock valued at $274,636 over the last quarter. 0.27% of the stock is owned by company insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.