Stantec (TSE:STN) Stock Price Down 6.6%

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Stantec Inc. (TSE:STN) (NYSE:STN) was down 6.6% on Friday . The company traded as low as C$26.67 and last traded at C$27.03, approximately 283,527 shares changed hands during mid-day trading. An increase of 66% from the average daily volume of 170,684 shares. The stock had previously closed at C$28.94.

A number of equities research analysts have recently weighed in on STN shares. National Bank Financial boosted their price target on Stantec to C$31.00 and gave the company a “sector perform” rating in a report on Monday, May 13th. BMO Capital Markets upped their price objective on Stantec from C$38.00 to C$39.00 in a research note on Monday, May 13th. Desjardins upped their price objective on Stantec from C$39.00 to C$40.00 in a research note on Monday, May 13th. Finally, Raymond James restated a “market perform” rating and set a C$35.00 price objective on shares of Stantec in a research note on Monday, June 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$36.78.

The company has a market cap of $3.26 billion and a PE ratio of 55.57. The business has a 50 day simple moving average of C$31.53. The company has a debt-to-equity ratio of 96.15, a current ratio of 1.90 and a quick ratio of 1.83.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.45. The company had revenue of C$904.10 million for the quarter, compared to the consensus estimate of C$892.80 million. As a group, sell-side analysts anticipate that Stantec Inc. will post 2.3800001 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.145 per share. The ex-dividend date is Friday, September 27th. This represents a $0.58 dividend on an annualized basis and a yield of 2.13%. Stantec’s payout ratio is currently 115.31%.

In other news, Director Jeffrey Philip Stone sold 3,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$32.26, for a total value of C$96,774.00.

Stantec Company Profile (TSE:STN)

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services ? Canada, Consulting Services ? United States, and Consulting Services ? Global.

Further Reading: What does it mean to hold a stock in street name?

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