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

Stantec Inc. (TSE:STN) (NYSE:STN) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$161.90.

A number of research firms have recently weighed in on STN. TD Securities lowered their price objective on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. Royal Bank Of Canada increased their price target on Stantec from C$168.00 to C$175.00 in a research note on Friday, February 27th. Stifel Nicolaus lowered their price target on Stantec from C$172.00 to C$154.00 and set a “buy” rating for the company in a report on Friday, February 27th. National Bank Financial boosted their price target on Stantec from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, Desjardins upped their price objective on shares of Stantec from C$173.00 to C$178.00 and gave the company a “buy” rating in a report on Friday, February 27th.

Insiders Place Their Bets

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

Stantec Price Performance

Shares of STN stock opened at C$123.17 on Wednesday. Stantec has a twelve month low of C$109.74 and a twelve month high of C$160.05. The stock has a market capitalization of C$14.05 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.46 and a beta of 0.71. The stock has a fifty day simple moving average of C$130.30 and a two-hundred day simple moving average of C$139.54. The company has a current ratio of 1.23, a quick ratio of 1.46 and a debt-to-equity ratio of 96.66.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, February 25th. The company reported C$0.82 earnings per share for the quarter. The firm had revenue of C$2.12 billion during the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%.

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.