Stantec (TSE:STN) Price Target Raised to C$162.00 at Scotiabank

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by Scotiabank from C$161.00 to C$162.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

STN has been the topic of several other reports. Royal Bank Of Canada increased their target price on shares of Stantec from C$153.00 to C$168.00 in a research report on Monday, November 17th. Desjardins increased their price objective on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a report on Friday, December 12th. National Bankshares cut their price objective on Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Stifel Nicolaus upped their target price on Stantec from C$160.00 to C$175.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, CIBC increased their price target on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$166.70.

Stantec Price Performance

TSE STN opened at C$140.15 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The stock has a market capitalization of C$15.99 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. Stantec has a 12-month low of C$107.23 and a 12-month high of C$160.05. The company has a 50 day moving average price of C$133.72 and a two-hundred day moving average price of C$145.62.

Stantec (TSE:STN) (NYSE:STN) last announced 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 company had revenue of C$2.14 billion for the quarter.

Stantec Company Profile

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.