Stantec Inc. (TSE:STN) Receives C$120.15 Consensus PT from Brokerages

Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$120.15.

STN has been the subject of a number of research analyst reports. ATB Capital downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$115.00 to C$120.00 in a research note on Friday, March 1st. Royal Bank of Canada upped their price objective on shares of Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. National Bankshares upped their price objective on shares of Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Scotiabank upped their price objective on shares of Stantec from C$116.00 to C$119.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a research note on Friday, March 1st.

Check Out Our Latest Report on STN

Insider Activity

In related news, Director Steve Marvin Fleck sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total transaction of C$232,040.00. Company insiders own 0.27% of the company’s stock.

Stantec Price Performance

Stantec stock opened at C$115.70 on Friday. The firm’s 50-day simple moving average is C$111.61 and its 200 day simple moving average is C$100.82. Stantec has a 52 week low of C$75.31 and a 52 week high of C$118.39. The firm has a market capitalization of C$13.20 billion, a PE ratio of 38.83, a P/E/G ratio of 1.46 and a beta of 0.89. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last announced its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The firm had revenue of C$1.24 billion during the quarter, compared to analyst estimates of C$1.22 billion. On average, equities research analysts predict that Stantec will post 4.2467057 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.21 per share. This is a boost from Stantec’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, March 27th. Stantec’s dividend payout ratio is 28.19%.

About Stantec

(Get Free Report

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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Analyst Recommendations for Stantec (TSE:STN)

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