Desjardins Reiterates “C$169.00” Price Target for Stantec (TSE:STN)

Stantec (TSE:STN) (NYSE:STN) received a C$169.00 target price from research analysts at Desjardins in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 64.40% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Scotiabank reduced their price target on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Royal Bank Of Canada cut their price objective on Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday. TD reduced their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Stifel Nicolaus decreased their target price on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Raymond James Financial reduced their price target on shares of Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. Twelve research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$143.00.

Stantec Trading Down 0.0%

Stantec stock traded down C$0.02 during midday trading on Friday, reaching C$102.80. The stock had a trading volume of 347,724 shares, compared to its average volume of 455,213. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. Stantec has a 52-week low of C$93.28 and a 52-week high of C$160.05. The firm has a market cap of C$11.73 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The company has a fifty day moving average of C$99.11 and a 200 day moving average of C$113.34.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The business had revenue of C$2.23 billion during the quarter.

Insider Buying and Selling at Stantec

In other Stantec news, Director Clayton Bock bought 1,485 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average cost of C$94.85 per share, for a total transaction of C$140,852.25. Following the acquisition, the director directly owned 4,895 shares in the company, valued at approximately C$464,290.75. The trade was a 43.55% increase in their ownership of the stock. Also, Director Douglas Keith Ammerman bought 681 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were acquired at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the transaction, the director directly owned 42,512 shares in the company, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their position. Company insiders own 0.27% of the company’s stock.

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.