Stantec (TSE:STN) Price Target Raised to C$132.00

Stantec (TSE:STN) (NYSE:STN) had its price target increased by Stifel Nicolaus from C$130.00 to C$132.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently issued reports on STN. Canaccord Genuity Group increased their price target on Stantec from C$110.00 to C$120.00 and gave the company a hold rating in a report on Friday, March 1st. Scotiabank raised their target price on Stantec from C$116.00 to C$119.00 and gave the company an outperform rating in a report on Friday, March 1st. Raymond James boosted their price target on Stantec from C$120.00 to C$125.00 and gave the stock an outperform rating in a research report on Friday, March 1st. Royal Bank of Canada increased their price objective on shares of Stantec from C$121.00 to C$123.00 and gave the company an outperform rating in a research report on Friday, March 1st. Finally, CIBC boosted their target price on shares of Stantec from C$116.00 to C$120.00 and gave the stock an outperform rating in a research report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$120.46.

Stantec Stock Performance

TSE STN opened at C$114.52 on Thursday. The business’s 50-day simple moving average is C$112.42 and its 200-day simple moving average is C$105.32. The firm has a market capitalization of C$13.06 billion, a P/E ratio of 38.43, a P/E/G ratio of 1.46 and a beta of 0.87. Stantec has a 1-year low of C$77.00 and a 1-year high of C$118.39. The company has a debt-to-equity ratio of 62.82, a current ratio of 1.41 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The business had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. Equities analysts predict that Stantec will post 4.2454998 EPS for the current year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.73%. This is a boost from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio is presently 28.19%.

Insider Transactions at Stantec

In related news, Director Steve Marvin Fleck sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total transaction of C$232,040.00. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.