Stantec (TSE:STN) Upgraded by Raymond James to Outperform Rating

Raymond James upgraded shares of Stantec (TSE:STN) (NYSE:STN) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday morning,BayStreet.CA reports. The firm currently has C$140.00 price objective on the stock, up from their previous price objective of C$130.00.

Several other research analysts have also recently commented on STN. BMO Capital Markets upped their target price on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Scotiabank upped their target price on shares of Stantec from C$129.00 to C$141.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their target price on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group upped their target price on shares of Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Desjardins upped their target price on shares of Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$140.33.

Stantec Price Performance

STN opened at C$128.12 on Wednesday. The firm has a market cap of C$14.61 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The company’s 50-day moving average price is C$112.05 and its 200 day moving average price is C$113.28. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Stantec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s dividend payout ratio is currently 28.03%.

Insider Activity at Stantec

In other news, Director Vito Culmone purchased 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.