Desjardins Has Lowered Expectations for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its target price cut by Desjardins from C$178.00 to C$171.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 62.39% from the company’s current price.

Several other equities analysts have also recently issued reports on STN. Royal Bank Of Canada lowered their price target on Stantec from C$175.00 to C$155.00 in a research report on Friday. Raymond James Financial lowered their price target on Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Scotiabank lowered their price target on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. National Bank Financial decreased their target price on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Finally, TD decreased their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$151.69.

Stantec Price Performance

Shares of STN stock traded up C$5.39 during mid-day trading on Friday, hitting C$105.30. 362,013 shares of the stock traded hands, compared to its average volume of 398,363. Stantec has a twelve month low of C$99.67 and a twelve month high of C$160.05. The firm has a market cap of C$12.01 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The company’s 50-day simple moving average is C$121.36 and its 200-day simple moving average is C$130.56. The company has a debt-to-equity ratio of 96.66, a quick ratio of 1.46 and a current ratio of 1.23.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The company had revenue of C$2.07 billion for 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.