Stifel Nicolaus Cuts Stantec (TSE:STN) Price Target to C$143.00

Stantec (TSE:STN) (NYSE:STN) had its price target lowered by Stifel Nicolaus from C$150.00 to C$143.00 in a report released on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on the stock. National Bankshares lifted their target price on shares of Stantec from C$143.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. TD Securities lifted their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. ATB Capital increased their target price on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a report on Wednesday, February 26th. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$140.50.

Stantec Price Performance

STN opened at C$120.88 on Thursday. The company’s 50-day simple moving average is C$117.38 and its two-hundred day simple moving average is C$115.47. Stantec has a 52-week low of C$103.48 and a 52-week high of C$129.39. The stock has a market capitalization of C$13.78 billion, a P/E ratio of 40.34, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.74%. This is an increase from Stantec’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 28th. Stantec’s payout ratio is presently 28.03%.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.