Analysts Set Stantec Inc. (TSE:STN) PT at C$166.70

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$166.70.

STN has been the topic of several analyst reports. TD Securities lifted their price target on shares of Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Royal Bank Of Canada raised their price objective on Stantec from C$153.00 to C$168.00 in a research report on Monday, November 17th. Desjardins boosted their target price on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Scotiabank upped their target price on Stantec from C$161.00 to C$162.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Finally, CIBC raised their price target on Stantec from C$168.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, October 20th.

Insider Activity at Stantec

In related news, Director Gordon Allan Johnston bought 4,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was bought at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the purchase, the director directly owned 53,793 shares of the company’s stock, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their ownership of the stock. 0.27% of the stock is owned by insiders.

Stantec Price Performance

STN opened at C$134.94 on Tuesday. The firm has a market capitalization of C$15.39 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The business’s 50-day moving average is C$133.63 and its two-hundred day moving average is C$144.98. Stantec has a 1 year low of C$107.23 and a 1 year high of C$160.05.

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

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.