Stantec (TSE:STN) Rating Increased to Outperform at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Stantec (TSE:STN) (NYSE:STN) from a sector perform rating to an outperform rating in a report published on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has C$130.00 price objective on the stock, down from their previous price objective of C$157.00.

STN has been the topic of several other research reports. TD reduced their price target on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research report on Friday. Scotia cut their target price on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Friday. National Bank Financial cut their target price on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Desjardins cut their target price on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a report on Friday. Finally, Raymond James Financial cut their target price on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$151.69.

Stantec Stock Performance

Shares of STN stock opened at C$106.39 on Friday. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. Stantec has a one year low of C$99.67 and a one year high of C$160.05. The company’s 50-day simple moving average is C$120.96 and its 200-day simple moving average is C$130.39. The stock has a market capitalization of C$12.14 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The business had revenue of C$2.07 billion for the quarter.

About Stantec

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.