Stifel Nicolaus Lowers Stantec (TSE:STN) Price Target to C$143.00

Stantec (TSE:STN) (NYSE:STN) had its price objective trimmed by Stifel Nicolaus from C$150.00 to C$143.00 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$130.00 to C$140.00 in a report on Wednesday, February 26th. ATB Capital lifted their price objective on shares of Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their target price on Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. CIBC upped their price target on Stantec from C$139.00 to C$141.00 in a research note on Thursday. Finally, TD Securities raised their price objective on Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$140.50.

Stantec Stock Performance

Shares of TSE STN opened at C$120.88 on Thursday. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. Stantec has a one year low of C$103.48 and a one year high of C$129.39. The business’s 50-day moving average price is C$117.17 and its two-hundred day moving average price is C$115.34. The company has a market capitalization of C$13.78 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.225 dividend. The ex-dividend date was Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 0.74%. Stantec’s dividend payout ratio is 28.03%.

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.