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

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given an average recommendation of “Buy” by the eleven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$148.42.

STN has been the subject of several research analyst reports. TD Securities increased their price objective on Stantec from C$145.00 to C$165.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. ATB Capital increased their price objective on Stantec from C$140.00 to C$145.00 and gave the stock a “sector perform” rating in a report on Thursday, May 22nd. Desjardins raised their target price on Stantec from C$148.00 to C$153.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group raised their target price on Stantec from C$138.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus raised their target price on Stantec from C$143.00 to C$156.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd.

Stantec Trading Up 0.3%

Shares of STN stock opened at C$150.89 on Friday. The stock has a market capitalization of C$17.20 billion, a PE ratio of 50.35, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 1-year low of C$103.48 and a 1-year high of C$151.28. The business has a 50-day moving average of C$141.76 and a 200 day moving average of C$124.64. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, June 30th. Stantec’s dividend payout ratio (DPR) is 28.03%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Susan Reisbord purchased 2,785 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was purchased at an average price of C$147.74 per share, for a total transaction of C$411,458.13. Also, Director Clayton Bock purchased 1,250 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of C$139.51 per share, with a total value of C$174,392.88. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.