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

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$120.69.

STN has been the subject of a number of analyst reports. Scotiabank boosted their price target on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday, May 2nd. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets raised their price target on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Stifel Nicolaus lifted their price objective on shares of Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, National Bankshares increased their price objective on shares of Stantec from C$126.00 to C$128.00 in a report on Friday, May 10th.

Insiders Place Their Bets

In other Stantec news, Director Asifa Samji bought 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the purchase, the director now directly owns 840 shares in the company, valued at C$92,190. In related news, Director Catherine Margaret Schefer acquired 605 shares of the stock in a transaction dated Friday, June 28th. The stock was acquired at an average cost of C$114.22 per share, with a total value of C$69,102.50. Also, Director Asifa Samji bought 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the purchase, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. Insiders own 0.26% of the company’s stock.

Stantec Price Performance

Shares of TSE:STN opened at C$112.37 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a twelve month low of C$82.50 and a twelve month high of C$122.57. The company’s 50 day moving average is C$115.17 and its 200 day moving average is C$113.01. The company has a market cap of C$12.82 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio (DPR) is 27.18%.

About Stantec

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.