Stantec (TSE:STN) Director Susan Reisbord Buys 2,068 Shares of Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Susan Reisbord purchased 2,068 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was bought at an average price of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the purchase, the director owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. This represents a 33.44% increase in their ownership of the stock.

Stantec Stock Down 1.1%

TSE:STN opened at C$101.60 on Wednesday. Stantec Inc. has a twelve month low of C$93.28 and a twelve month high of C$160.05. The firm has a market capitalization of C$11.59 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The stock’s 50 day moving average price is C$99.31 and its two-hundred day moving average price is C$111.42.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share for the quarter. The business had revenue of C$2.23 billion during the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%.

Analyst Upgrades and Downgrades

STN has been the subject of several recent analyst reports. Desjardins set a C$169.00 target price on shares of Stantec and gave the company a “buy” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce lowered their price target on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Scotia dropped their price objective on Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 14th. Royal Bank Of Canada cut their price objective on Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their target price on Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$143.00.

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.