Stantec Inc. (TSE:STN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$126.36.

Several brokerages recently issued reports on STN. Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$125.00 to C$120.00 in a report on Thursday, August 8th. Finally, Canaccord Genuity Group boosted their price target on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th.

Stantec Price Performance

Stantec stock opened at C$120.25 on Thursday. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. The stock has a market cap of C$13.72 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The firm has a 50-day moving average of C$113.70 and a two-hundred day moving average of C$113.33. Stantec has a 1 year low of C$96.31 and a 1 year high of C$122.83.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio is currently 27.63%.

Insider Transactions at Stantec

In other Stantec news, Director Vito Culmone purchased 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of C$121.49 per share, with a total value of C$485,960.00. Over the last three months, insiders have acquired 4,145 shares of company stock valued at $501,731. Corporate insiders own 0.27% of the company’s stock.

About Stantec

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.