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

Stantec Inc. (TSE:STN) (NYSE:STN) has received an average rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$148.42.

STN has been the topic of several research analyst reports. ATB Capital boosted their price target on shares of Stantec from C$140.00 to C$145.00 and gave the company a “sector perform” rating in a report on Thursday, May 22nd. Desjardins lifted their price objective on Stantec from C$148.00 to C$153.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. National Bankshares boosted their target price on Stantec from C$144.00 to C$147.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. TD Securities upped their target price on Stantec from C$145.00 to C$165.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, CIBC lifted their price target on Stantec from C$141.00 to C$156.00 in a report on Thursday, May 22nd.

Stantec Stock Performance

STN stock opened at C$144.85 on Monday. The firm has a 50 day simple moving average of C$131.69 and a 200 day simple moving average of C$121.10. Stantec has a 52 week low of C$103.48 and a 52 week high of C$147.58. The stock has a market cap of C$16.51 billion, a P/E ratio of 48.34, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.21. Stantec’s dividend payout ratio is 28.03%.

Insider Activity

In other news, Director Clayton Bock acquired 1,250 shares of Stantec stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. 0.27% of the stock is currently owned by insiders.

About Stantec

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.