BMO Capital Markets Boosts Stantec (TSE:STN) Price Target to C$131.00

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by BMO Capital Markets from C$128.00 to C$131.00 in a research report released on Wednesday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on STN. Stifel Nicolaus increased their price objective on Stantec from C$130.00 to C$132.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Scotiabank lifted their price objective on Stantec from C$119.00 to C$120.00 and gave the stock a sector perform rating in a report on Thursday, May 2nd. Royal Bank of Canada upped their price target on shares of Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Finally, National Bankshares lifted their price objective on Stantec from C$126.00 to C$128.00 in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Stantec presently has an average rating of Moderate Buy and an average target price of C$121.08.

Stantec Price Performance

Shares of STN opened at C$118.97 on Wednesday. The company has a market cap of C$13.57 billion, a P/E ratio of 38.50, a PEG ratio of 1.46 and a beta of 0.87. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$120.65. The company has a quick ratio of 1.46, a current ratio of 1.34 and a debt-to-equity ratio of 75.54. The firm’s 50 day moving average price is C$113.85 and its 200 day moving average price is C$112.21.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, May 8th. The company reported C$0.90 EPS for the quarter, beating the consensus estimate of C$0.86 by C$0.04. The firm had revenue of C$1.37 billion for the quarter, compared to analyst estimates of C$1.36 billion. Stantec had a return on equity of 13.32% and a net margin of 6.64%. On average, research analysts forecast that Stantec will post 4.2953046 earnings per share for the current fiscal year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, June 28th. Stantec’s dividend payout ratio is presently 27.18%.

Insider Activity

In other Stantec news, Director Catherine Margaret Schefer bought 605 shares of Stantec stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of C$114.22 per share, for a total transaction of C$69,102.50. Company insiders own 0.26% of the company’s stock.

About Stantec

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.