Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$150.54.

A number of research firms have commented on STN. Royal Bank Of Canada reduced their price target on shares of Stantec from C$175.00 to C$155.00 in a research report on Friday, May 15th. Scotia reduced their price target on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce reduced their price target on shares of Stantec from C$173.00 to C$160.00 in a research report on Tuesday, May 19th. BMO Capital Markets reduced their price target on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Desjardins reduced 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 report on Friday, May 15th.

Stantec Price Performance

TSE:STN opened at C$102.96 on Monday. The firm has a market cap of C$11.74 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. Stantec has a 12 month low of C$99.67 and a 12 month high of C$160.05. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. The company’s 50-day moving average price is C$115.67 and its two-hundred day moving average price is C$125.20.

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

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.