Desjardins Increases Stantec (TSE:STN) Price Target to C$173.00

Stantec (TSE:STN) (NYSE:STN) had its target price increased by analysts at Desjardins from C$160.00 to C$173.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 34.26% from the stock’s previous close.

STN has been the subject of a number of other research reports. TD Securities raised their target price on shares of Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a research report on Monday, October 27th. National Bankshares increased their price objective on shares of Stantec from C$162.00 to C$164.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Stifel Nicolaus lifted their target price on Stantec from C$160.00 to C$175.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Raymond James Financial upped their target price on Stantec from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Royal Bank Of Canada raised their price target on Stantec from C$153.00 to C$168.00 in a research note on Monday, November 17th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and a consensus target price of C$166.90.

Stantec Stock Down 1.7%

TSE:STN opened at C$128.85 on Friday. The stock has a 50-day simple moving average of C$146.14 and a 200 day simple moving average of C$148.14. Stantec has a 52-week low of C$107.23 and a 52-week high of C$160.05. The company has a market cap of C$14.70 billion, a PE ratio of 30.39, a PEG ratio of 1.46 and a beta of 0.80. 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 (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Thursday, November 13th. The company reported C$1.53 earnings per share for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The firm had revenue of C$2.14 billion during the quarter.

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.