Stantec (TSE:STN) Price Target Lowered to C$74.00 at TD Securities

Stantec (TSE:STNGet Rating) (NYSE:STN) had its target price trimmed by TD Securities from C$80.00 to C$74.00 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on STN. Scotiabank cut their price target on Stantec from C$78.00 to C$72.00 in a research note on Thursday. National Bankshares raised Stantec from a sector perform rating to a buy rating and set a C$80.00 price target on the stock in a research note on Thursday, February 24th. BMO Capital Markets cut their price target on Stantec from C$78.00 to C$72.00 in a research note on Friday. Royal Bank of Canada cut their price target on Stantec from C$69.00 to C$65.00 and set a sector perform rating on the stock in a research note on Friday. Finally, Raymond James cut their price target on Stantec from C$85.00 to C$77.00 and set a strong-buy rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Buy and an average target price of C$74.25.

TSE:STN traded up C$1.01 during trading hours on Friday, hitting C$54.50. 392,162 shares of the stock were exchanged, compared to its average volume of 241,498. The company’s 50 day moving average is C$61.42 and its two-hundred day moving average is C$66.01. Stantec has a twelve month low of C$53.05 and a twelve month high of C$73.10. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 96.07. The company has a market capitalization of C$6.06 billion and a P/E ratio of 30.28.

Stantec (TSE:STNGet Rating) (NYSE:STN) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.57. The firm had revenue of C$916.20 million for the quarter, compared to analyst estimates of C$922.52 million. On average, equities research analysts expect that Stantec will post 3.3900001 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, March 30th. This is a boost from Stantec’s previous quarterly dividend of $0.17. Stantec’s dividend payout ratio is 36.67%.

In other Stantec news, Director Robert Gomes sold 8,800 shares of the stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of C$64.50, for a total transaction of C$567,600.00. Following the completion of the transaction, the director now owns 155,752 shares in the company, valued at approximately C$10,046,004. In the last quarter, insiders have sold 47,644 shares of company stock valued at $2,997,658.

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)

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with's FREE daily email newsletter.