Stantec (TSE:STN) Director Acquires C$526,080.00 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Gordon Allan Johnston purchased 4,000 shares of Stantec stock in a transaction dated Wednesday, December 24th. The stock was bought at an average price of C$131.52 per share, with a total value of C$526,080.00. Following the completion of the transaction, the director owned 53,793 shares of the company’s stock, valued at C$7,074,855.36. This represents a 8.03% increase in their position.

Stantec Price Performance

Shares of STN stock traded down C$2.59 during trading hours on Friday, hitting C$137.56. 294,432 shares of the company’s stock were exchanged, compared to its average volume of 351,771. The company has a market capitalization of C$15.69 billion, a PE ratio of 32.44, a PEG ratio of 1.46 and a beta of 0.78. Stantec Inc. has a 12-month low of C$107.23 and a 12-month high of C$160.05. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The business’s 50 day simple moving average is C$133.50 and its 200-day simple moving average is C$145.53.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$1.53 earnings per share for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The company had revenue of C$2.14 billion for the quarter.

Analyst Ratings Changes

STN has been the subject of several analyst reports. Scotiabank increased their price objective on Stantec from C$161.00 to C$162.00 and gave the company an “outperform” rating in a report on Thursday. Desjardins lifted their price target on shares of Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, December 12th. TD Securities boosted their price target on shares of Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. National Bankshares cut their price target on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Finally, Royal Bank Of Canada lifted their price objective on Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$166.70.

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.