Stantec Inc. (TSE:STN) Receives Average Rating of “Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has received an average recommendation of “Buy” from the twelve brokerages that are covering the company, Marketbeat reports. One investment 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. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$140.33.

Several analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Desjardins upped their price objective on Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Royal Bank of Canada raised their target price on shares of Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank upped their price target 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, February 26th. Finally, Canaccord Genuity Group lifted their price objective on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th.

Stantec Stock Performance

Shares of STN opened at C$118.42 on Friday. The stock has a market capitalization of C$13.50 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 12 month low of C$103.48 and a 12 month high of C$129.39. The firm has a fifty day simple moving average of C$113.65 and a 200 day simple moving average of C$113.79. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 0.76%. Stantec’s dividend payout ratio (DPR) is 28.03%.

Insider Activity

In other Stantec news, Director Vito Culmone bought 3,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were purchased at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

Stantec Company Profile

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.