Brokerages Set Stantec Inc. (TSE:STN) Target Price at C$140.33

Stantec Inc. (TSE:STN) (NYSE:STN) has been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$140.33.

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$130.00 to C$140.00 in a report on Wednesday, February 26th. National Bankshares lifted their price target on Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. CIBC increased their price objective on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Desjardins boosted their target price on Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.

Stantec Stock Down 4.2 %

STN stock opened at C$114.22 on Wednesday. The stock has a fifty day moving average of C$115.75 and a 200-day moving average of C$114.72. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The company has a market capitalization of C$13.02 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.90 annualized dividend and a dividend yield of 0.79%. This is a positive change from Stantec’s previous quarterly dividend of $0.21. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.