Stantec (TSE:STN) Director Acquires C$66,629.04 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Douglas Keith Ammerman bought 681 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average price of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the purchase, the director owned 42,512 shares in the company, valued at C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock.

Stantec Stock Up 1.4%

TSE:STN traded up C$1.36 during mid-day trading on Thursday, hitting C$99.18. 249,257 shares of the company’s stock traded hands, compared to its average volume of 441,713. The company has a fifty day moving average of C$107.45 and a 200 day moving average of C$120.82. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. Stantec Inc. has a twelve month low of C$94.79 and a twelve month high of C$160.05. The company has a market capitalization of C$11.31 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.46 and a beta of 0.76.

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

Analyst Ratings Changes

A number of research analysts have issued reports on STN shares. Royal Bank Of Canada decreased their price target on shares of Stantec from C$175.00 to C$155.00 in a report on Friday, May 15th. Raymond James Financial dropped their price objective on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce cut their target price on Stantec from C$173.00 to C$160.00 in a research report on Tuesday, May 19th. National Bank Financial lowered their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Finally, TD dropped their price target on Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$150.54.

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.