Stantec (TSE:STN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its target price raised by equities research analysts at Stifel Nicolaus from C$169.00 to C$173.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 24.81% from the stock’s current price.

A number of other research analysts also recently commented on the stock. National Bankshares reduced their price objective on shares of 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. Desjardins upped their target price on shares of Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research note on Friday, December 12th. TD Securities increased their price target 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. Scotiabank lifted their price target on Stantec from C$161.00 to C$162.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price objective on Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. Nine equities research analysts have rated the stock with a Buy rating and one has given 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$166.50.

Stantec Price Performance

Shares of TSE STN opened at C$138.61 on Friday. 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 has a fifty-two week low of C$108.09 and a fifty-two week high of C$160.05. The business has a 50 day moving average price of C$133.87 and a two-hundred day moving average price of C$144.45. The firm has a market cap of C$15.81 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79.

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

Insider Activity at Stantec

In related news, Director Gordon Allan Johnston purchased 4,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the transaction, the director owned 53,793 shares of the company’s stock, valued at C$7,074,855.36. This trade represents a 8.03% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

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.