Stantec (TSE:STN) Stock Price Expected to Rise, Desjardins Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price target increased by Desjardins from C$138.00 to C$148.00 in a research report report published on Wednesday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada raised their target price on Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price target on shares of Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a report on Wednesday. CIBC raised their target price on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Canaccord Genuity Group increased their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Finally, Raymond James boosted their target price on shares of Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$140.33.

Stantec Trading Up 6.8 %

TSE STN opened at C$128.12 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The business has a fifty day simple moving average of C$112.05 and a 200 day simple moving average of C$113.28. Stantec has a 12 month low of C$103.48 and a 12 month high of C$129.39. The firm has a market capitalization of C$14.61 billion, a P/E ratio of 42.75, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s payout ratio is 28.03%.

Insider Buying and Selling

In other news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by corporate insiders.

About Stantec

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.