TD Lowers Stantec (TSE:STN) Price Target to C$132.00

Stantec (TSE:STN) (NYSE:STN) had its price objective lowered by stock analysts at TD from C$158.00 to C$132.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 25.36% from the stock’s current price.

A number of other analysts also recently weighed in on the company. National Bank Financial dropped their target price on Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. TD Securities lowered their price objective on shares of Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. Stifel Nicolaus lowered their price objective on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Raymond James Financial lowered their price objective on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Finally, Desjardins boosted their price objective on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Thirteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec has an average rating of “Buy” and an average price target of C$151.69.

Stantec Price Performance

STN stock traded up C$5.39 during mid-day trading on Friday, hitting C$105.30. 362,013 shares of the stock were exchanged, compared to its average volume of 398,363. The business has a fifty day moving average price of C$121.36 and a 200 day moving average price of C$130.56. Stantec has a 12 month low of C$99.67 and a 12 month high of C$160.05. The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46. The stock has a market capitalization of C$12.01 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. The firm had revenue of C$2.07 billion during the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.