Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$121.08.

A number of analysts have commented on STN shares. Royal Bank of Canada upped their target price on shares of Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Scotiabank raised their target price 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. BMO Capital Markets upped their price target on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Stifel Nicolaus raised their price objective on Stantec from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, National Bankshares increased their target price on shares of Stantec from C$126.00 to C$128.00 in a report on Friday, May 10th.

Insider Buying and Selling at Stantec

In other Stantec news, Director Catherine Margaret Schefer bought 605 shares of Stantec stock in a transaction dated 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. 0.26% of the stock is owned by company insiders.

Stantec Price Performance

TSE STN opened at C$118.20 on Friday. The company has a debt-to-equity ratio of 75.54, a current ratio of 1.34 and a quick ratio of 1.46. Stantec has a 1-year low of C$82.50 and a 1-year high of C$120.65. The stock has a market capitalization of C$13.48 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 1.46 and a beta of 0.87. The business’s fifty day moving average price is C$114.22 and its 200-day moving average price is C$112.41.

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

Stantec Dividend Announcement

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

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.