Stantec (TSE:STN) Price Target Raised to C$127.00 at BMO Capital Markets

Stantec (TSE:STN) (NYSE:STN) had its price target boosted by BMO Capital Markets from C$126.00 to C$127.00 in a research note released on Wednesday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. National Bankshares upped their price objective on shares of Stantec from C$116.00 to C$126.00 and gave the stock an outperform rating in a research report on Friday, March 1st. TD Securities raised their target price on Stantec from C$125.00 to C$130.00 and gave the company a buy rating in a research report on Monday, March 4th. CIBC lifted their price target on Stantec from C$116.00 to C$120.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Royal Bank of Canada increased their price objective on Stantec from C$121.00 to C$123.00 and gave the company an outperform rating in a research note on Friday, March 1st. Finally, ATB Capital cut shares of Stantec from an outperform rating to a sector perform rating and lifted their target price for the stock from C$115.00 to C$120.00 in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stantec has a consensus rating of Moderate Buy and an average target price of C$120.23.

Stantec Price Performance

TSE:STN opened at C$110.94 on Wednesday. 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 has a 52 week low of C$77.00 and a 52 week high of C$118.39. The stock’s 50-day moving average price is C$112.45 and its 200-day moving average price is C$104.09. The stock has a market capitalization of C$12.65 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The business had revenue of C$1.24 billion during the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a net margin of 6.54% and a return on equity of 13.14%. As a group, equities analysts expect that Stantec will post 4.2454998 EPS for the current fiscal year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.76%. This is an increase from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 27th. Stantec’s dividend payout ratio is 28.19%.

Insider Transactions at Stantec

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

Stantec Company Profile

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.