Stantec Inc. (TSE:STN) Given Average Rating of “Buy” by Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus recommendation of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$56.90.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Stantec from C$48.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Friday, May 7th. Laurentian lifted their price target on shares of Stantec from C$42.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 26th. BMO Capital Markets lifted their price target on shares of Stantec from C$50.00 to C$56.00 in a research report on Friday, February 26th. ATB Capital downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$54.00 to C$57.00 in a research report on Friday, May 7th. Finally, TD Securities lifted their price target on shares of Stantec from C$60.00 to C$64.00 and gave the company a “buy” rating in a research report on Friday, May 7th.

In other Stantec news, Director Paul Jeremy David Alpern sold 8,348 shares of Stantec stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of C$50.82, for a total value of C$424,219.48. Also, Director Robert Gomes sold 12,600 shares of Stantec stock in a transaction that occurred on Wednesday, May 12th. The stock was sold at an average price of C$53.55, for a total transaction of C$674,730.00. Following the completion of the sale, the director now directly owns 155,752 shares of the company’s stock, valued at C$8,340,519.60. Insiders sold a total of 88,948 shares of company stock valued at $4,752,084 over the last ninety days.

Shares of TSE:STN opened at C$53.50 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 68.18. The company has a market cap of C$5.95 billion and a P/E ratio of 35.04. Stantec has a 52 week low of C$37.46 and a 52 week high of C$59.56. The company has a 50-day moving average price of C$56.05 and a 200 day moving average price of C$47.16.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, February 24th. The company reported C$0.60 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.42 by C$0.18. The firm had revenue of C$861.70 million during the quarter, compared to analyst estimates of C$876.40 million. Analysts expect that Stantec will post 2.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $0.66 annualized dividend and a yield of 1.23%. Stantec’s payout ratio is currently 41.26%.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

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Analyst Recommendations for Stantec (TSE:STN)

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