Stantec Inc. (TSE:STN) Receives Consensus Rating of “Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$143.00.

A number of equities research analysts have issued reports on the company. Raymond James Financial decreased their price objective on Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. National Bank Financial cut their target price on Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Stifel Nicolaus decreased their price target on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Desjardins set a C$169.00 price target on Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, TD dropped their price objective on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research note on Friday, May 15th.

Stantec Stock Performance

TSE STN opened at C$103.26 on Friday. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46. Stantec has a 1-year low of C$93.28 and a 1-year high of C$160.05. The business has a 50 day simple moving average of C$99.18 and a two-hundred day simple moving average of C$112.39. The stock has a market capitalization of C$11.78 billion, a PE ratio of 23.31, a P/E/G ratio of 1.46 and a beta of 0.70.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share for the quarter. The firm had revenue of C$2.23 billion for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%.

Insiders Place Their Bets

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

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.