Analysts Set Stantec Inc. (NYSE:STN) PT at $75.00

Shares of Stantec Inc. (NYSE:STNGet Rating) (TSE:STN) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $75.00.

A number of research analysts recently commented on the stock. Atb Cap Markets upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 11th. BMO Capital Markets raised their price objective on shares of Stantec from C$72.00 to C$75.00 in a research note on Friday, August 12th. Royal Bank of Canada lifted their price target on shares of Stantec from C$65.00 to C$67.00 in a research report on Friday, August 12th. Scotiabank lifted their price target on shares of Stantec from C$72.00 to C$74.00 in a research report on Friday, August 12th. Finally, Stifel Nicolaus lifted their price target on shares of Stantec from C$70.00 to C$72.00 in a research report on Friday, August 12th.

Stantec Price Performance

NYSE STN opened at $44.69 on Tuesday. Stantec has a 12 month low of $40.92 and a 12 month high of $58.50. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $4.95 billion, a PE ratio of 32.62 and a beta of 0.94. The company’s 50 day simple moving average is $48.00 and its 200 day simple moving average is $47.01.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Thursday, September 29th will be paid a $0.141 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, September 28th. This represents a $0.56 dividend on an annualized basis and a yield of 1.26%. Stantec’s dividend payout ratio (DPR) is currently 41.61%.

Institutional Investors Weigh In On Stantec

Institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Stantec by 144.4% during the 1st quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after buying an additional 452 shares during the period. Tacita Capital Inc boosted its stake in shares of Stantec by 35.7% during the 2nd quarter. Tacita Capital Inc now owns 950 shares of the business services provider’s stock valued at $42,000 after buying an additional 250 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Stantec during the 4th quarter valued at $48,000. Heritage Wealth Advisors acquired a new stake in shares of Stantec during the 2nd quarter valued at $49,000. Finally, Addison Advisors LLC acquired a new stake in shares of Stantec during the 1st quarter valued at $72,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

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.

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Analyst Recommendations for Stantec (NYSE:STN)

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