Stantec (TSE:STN) Price Target Cut to C$161.00 by Analysts at National Bankshares

Stantec (TSE:STN) (NYSE:STN) had its target price cut by National Bankshares from C$167.00 to C$161.00 in a research note released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on STN. CIBC upped their target price on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Scotiabank increased their price target on Stantec from C$160.00 to C$161.00 in a report on Friday, October 17th. TD Securities raised their price objective on shares of Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Royal Bank Of Canada lifted their price objective on shares of Stantec from C$153.00 to C$168.00 in a research note on Monday, November 17th. Finally, Desjardins increased their target price on shares of Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research note on Friday. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Stantec has a consensus rating of “Moderate Buy” and an average price target of C$166.60.

Stantec Trading Down 0.1%

STN opened at C$128.76 on Monday. Stantec has a twelve month low of C$107.23 and a twelve month high of C$160.05. The company has a fifty day moving average of C$145.62 and a 200-day moving average of C$148.07. The stock has a market cap of C$14.69 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.46 and a beta of 0.80. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. Stantec had a net margin of 4.78% and a return on equity of 12.08%. The business had revenue of C$2.14 billion for the quarter.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 29th. Stantec’s dividend payout ratio (DPR) is currently 20.87%.

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.