Stantec Inc. (TSE:STN) Given Average Rating of “Moderate Buy” by Brokerages

Stantec Inc. (TSE:STNGet Rating) (NYSE:STN) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$73.10.

A number of research analysts recently issued reports on the stock. CIBC decreased their price objective on shares of Stantec from C$79.00 to C$74.00 in a research note on Wednesday, July 13th. Atb Cap Markets reissued a “sector perform” rating on shares of Stantec in a research note on Friday, May 13th. Raymond James decreased their price objective on shares of Stantec from C$85.00 to C$77.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 13th. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research note on Friday, May 13th. Finally, TD Securities decreased their target price on shares of Stantec from C$80.00 to C$74.00 and set a “buy” rating on the stock in a research note on Friday, May 13th.

Stantec Stock Down 1.4 %

Shares of STN opened at C$62.16 on Friday. Stantec has a 12 month low of C$53.12 and a 12 month high of C$73.10. The firm’s 50 day moving average is C$58.18 and its 200-day moving average is C$61.01. The stock has a market capitalization of C$6.89 billion and a PE ratio of 35.72. The company has a current ratio of 1.52, a quick ratio of 1.46 and a debt-to-equity ratio of 97.30.

Stantec (TSE:STNGet Rating) (NYSE:STN) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.01. The firm had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.03 billion. Equities research analysts forecast that Stantec will post 3.3594586 EPS for the current year.

Stantec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.16%. Stantec’s dividend payout ratio (DPR) is presently 38.79%.

About Stantec

(Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Further Reading

Analyst Recommendations for Stantec (TSE:STN)

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