Stantec Inc. (TSE:STN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$166.60.

A number of equities analysts have recently weighed in on the company. CIBC boosted their price target on Stantec from C$168.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Desjardins increased their price objective on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research note on Friday, December 12th. National Bankshares cut their target price on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Scotiabank upped their target price on shares of Stantec from C$160.00 to C$161.00 in a report on Friday, October 17th. Finally, Stifel Nicolaus raised their price target on shares of Stantec from C$160.00 to C$175.00 and gave the stock a “buy” rating in a research note on Monday, October 6th.

Stantec Stock Down 0.7%

Shares of TSE STN opened at C$129.52 on Friday. Stantec has a 12-month low of C$107.23 and a 12-month high of C$160.05. The company has a market capitalization of C$14.77 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.46 and a beta of 0.80. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The firm’s 50-day moving average is C$138.85 and its two-hundred day moving average is C$146.71.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$1.53 earnings per share 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 during the quarter.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.