Stantec (TSE:STN) Reaches New 1-Year High After Analyst Upgrade

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price reached a new 52-week high during mid-day trading on Friday after CIBC raised their price target on the stock from C$156.00 to C$168.00. The stock traded as high as C$153.64 and last traded at C$153.57, with a volume of 71062 shares changing hands. The stock had previously closed at C$152.69.

STN has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on Stantec from C$156.00 to C$165.00 in a report on Wednesday. Canaccord Genuity Group lifted their price objective on Stantec from C$138.00 to C$150.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. TD Securities lifted their price objective on Stantec from C$145.00 to C$165.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. National Bankshares lifted their price objective on Stantec from C$144.00 to C$147.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, ATB Capital lifted their price objective on Stantec from C$140.00 to C$145.00 and gave the company a “sector perform” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$150.17.

Insider Activity at Stantec

In other Stantec news, Director Susan Reisbord bought 2,785 shares of Stantec stock in a transaction dated Thursday, June 26th. The stock was bought at an average cost of C$147.74 per share, for a total transaction of C$411,458.13. Also, Director Clayton Bock bought 1,250 shares of Stantec stock in a transaction dated Thursday, May 22nd. The shares were 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 Trading Up 0.7%

The business has a 50-day moving average price of C$144.78 and a two-hundred day moving average price of C$126.21. The stock has a market capitalization of C$17.53 billion, a P/E ratio of 51.30, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.59%. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

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.