Stantec (TSE:STN) Sets New 12-Month Low at $88.84

Stantec Inc. (TSE:STN) (NYSE:STN) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$88.84 and last traded at C$89.02, with a volume of 9503 shares trading hands. The stock had previously closed at C$89.29.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on Stantec from C$89.00 to C$96.00 and gave the company an “outperform” rating in a report on Friday, August 11th. TD Securities upped their price target on Stantec from C$93.00 to C$105.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. Stifel Nicolaus upped their price target on Stantec from C$93.00 to C$98.00 in a research note on Friday, August 11th. CIBC upped their price target on Stantec from C$95.00 to C$97.00 in a research note on Friday, August 11th. Finally, Scotiabank set a C$99.00 price target on Stantec and gave the stock a “sector perform” rating in a research note on Tuesday, September 5th. Two 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$94.30.

Stantec Stock Down 0.3 %

The company has a debt-to-equity ratio of 93.67, a quick ratio of 1.46 and a current ratio of 1.47. The company has a market cap of C$9.90 billion, a PE ratio of 33.58, a PEG ratio of 1.46 and a beta of 0.73. The firm has a fifty day simple moving average of C$89.22 and a 200 day simple moving average of C$83.39.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Wednesday, August 9th. The company reported C$0.99 EPS for the quarter, beating the consensus estimate of C$0.94 by C$0.05. The company had revenue of C$1.28 billion during the quarter, compared to analysts’ expectations of C$1.23 billion. Stantec had a return on equity of 13.54% and a net margin of 6.14%. Equities research analysts predict that Stantec Inc. will post 4.0491356 EPS for the current year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, September 28th. Stantec’s dividend payout ratio is currently 29.43%.

Stantec Company Profile

Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients 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.