Susan Reisbord Purchases 2,068 Shares of Stantec (TSE:STN) Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Susan Reisbord purchased 2,068 shares of the business’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of C$102.59 per share, for a total transaction of C$212,156.12. Following the purchase, the director owned 8,253 shares of the company’s stock, valued at C$846,675.27. This trade represents a 33.44% increase in their ownership of the stock.

Stantec Price Performance

STN stock opened at C$104.69 on Thursday. The company has a market cap of C$11.94 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. Stantec Inc. has a 12-month low of C$93.28 and a 12-month high of C$160.05. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98. The stock has a 50-day moving average price of C$99.44 and a two-hundred day moving average price of C$111.20.

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

Wall Street Analyst Weigh In

STN has been the topic of several analyst reports. ATB Cormark Capital Markets lifted their price target on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Desjardins set a C$169.00 price target on Stantec and gave the company a “buy” rating in a report on Friday, August 14th. Scotiabank lowered their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce dropped their price objective on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. Finally, Scotia cut their target price on Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Stantec currently has an average rating of “Buy” and a consensus target price of C$143.00.

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.