Stantec Inc. (TSE:STN) Given Consensus Recommendation of “Buy” by Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Thirteen research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$146.00.

STN has been the topic of a number of research analyst reports. BMO Capital Markets decreased their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. National Bank Financial reduced their target price on shares of 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. Desjardins decreased their price target on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce lowered their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. Finally, Stifel Nicolaus dropped their price objective on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research report on Thursday, April 30th.

Stantec Price Performance

Shares of Stantec stock opened at C$95.13 on Tuesday. Stantec has a 1-year low of C$93.28 and a 1-year high of C$160.05. The firm’s 50-day moving average price is C$100.08 and its two-hundred day moving average price is C$117.01. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67. The stock has a market capitalization of C$10.85 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.46 and a beta of 0.71.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The company had revenue of C$2.07 billion for the quarter.

Insider Buying and Selling at Stantec

In other news, Director Douglas Keith Ammerman bought 681 shares of the stock in a transaction dated Thursday, July 2nd. The stock was bought at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the purchase, the director owned 42,512 shares of the company’s stock, valued at approximately C$4,159,374.08. This represents a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock purchased 1,485 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were purchased 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 C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. 0.27% of the stock is currently owned by company insiders.

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.