Stantec Inc. (TSE:STN) Receives Average Recommendation of “Moderate Buy” from Analysts

Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$120.85.

A number of equities research analysts recently issued reports on the stock. Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Canaccord Genuity Group increased their target price on shares of Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. National Bankshares raised their price objective on shares of Stantec from C$126.00 to C$128.00 in a research report on Friday, May 10th. Scotiabank raised their price objective on shares of Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Stantec from C$123.00 to C$125.00 in a research report on Friday, May 10th.

Get Our Latest Stock Analysis on STN

Stantec Trading Up 2.2 %

Shares of Stantec stock opened at C$113.75 on Thursday. The stock has a market capitalization of C$12.98 billion, a P/E ratio of 36.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The company has a quick ratio of 1.46, a current ratio of 1.34 and a debt-to-equity ratio of 75.54. The company has a 50-day simple moving average of C$111.00 and a 200 day simple moving average of C$108.90. Stantec has a 12-month low of C$81.03 and a 12-month high of C$118.39.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last announced its earnings results on Wednesday, May 8th. The company reported C$0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. The business had revenue of C$1.37 billion during the quarter, compared to analysts’ expectations of C$1.36 billion. Stantec had a net margin of 6.64% and a return on equity of 13.32%. Research analysts expect that Stantec will post 4.2953046 earnings per share for the current fiscal year.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, June 28th. Stantec’s payout ratio is 27.18%.

Insider Buying and Selling

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. 0.26% of the stock is owned by insiders.

Stantec Company Profile

(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.

See Also

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 MarketBeat.com's FREE daily email newsletter.