Analysts Set Stantec Inc. (TSE:STN) Target Price at C$129.50

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$130.50.

Several analysts have weighed in on the company. Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Raymond James upped their price objective on shares of Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a report on Tuesday. Stifel Nicolaus raised their target price on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets upped their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, CIBC raised their price objective on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th.

Stantec Stock Up 1.0 %

Stantec stock opened at C$116.37 on Friday. The firm has a market capitalization of C$13.27 billion, a P/E ratio of 38.28, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a 50-day simple moving average of C$115.74 and a 200-day simple moving average of C$114.19. Stantec has a one year low of C$103.48 and a one year high of C$123.92. 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 announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$1.24 by C$0.06. Stantec had a net margin of 6.31% and a return on equity of 12.91%. During the same period last year, the company earned $1.14 EPS.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a $0.21 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.72%. Stantec’s dividend payout ratio (DPR) is 27.63%.

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by corporate 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.