Stantec (TSE:STN) Price Target Lowered to C$160.00 at Canadian Imperial Bank of Commerce

Stantec (TSE:STN) (NYSE:STN) had its price target dropped by analysts at Canadian Imperial Bank of Commerce from C$173.00 to C$160.00 in a report issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 50.47% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. National Bank Financial lowered their price target on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. BMO Capital Markets lowered their price target on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a report on Friday. Scotia lowered their price target on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating for the company in a report on Friday. Finally, ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating and lowered their price target for the company from C$157.00 to C$130.00 in a report on Friday. Thirteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$150.54.

Stantec Price Performance

Shares of TSE:STN traded down C$0.06 during trading on Tuesday, reaching C$106.33. The stock had a trading volume of 393,872 shares, compared to its average volume of 401,924. Stantec has a 52 week low of C$99.67 and a 52 week high of C$160.05. The business’s 50-day moving average price is C$120.59 and its 200 day moving average price is C$129.84. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. The stock has a market capitalization of C$12.13 billion, a PE ratio of 24.79, a P/E/G ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The company had revenue of C$2.07 billion during the quarter.

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.