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

Stantec (TSE:STN) (NYSE:STN) had its price objective boosted by equities researchers at Stifel Nicolaus from C$154.00 to C$160.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 27.95% from the stock’s current price.

A number of other brokerages have also weighed in on STN. Scotiabank lowered their price objective on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a report on Friday, February 27th. TD Securities lowered their price objective on shares of Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. National Bank Financial lowered their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada boosted their price objective on shares of Stantec from C$168.00 to C$175.00 in a report on Friday, February 27th. Finally, Desjardins boosted their price objective on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$160.50.

Stantec Trading Up 2.1%

Shares of Stantec stock opened at C$125.05 on Friday. Stantec has a 1 year low of C$114.84 and a 1 year high of C$160.05. The firm has a market cap of C$14.26 billion, a PE ratio of 29.77, a PEG ratio of 1.46 and a beta of 0.73. The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46. The company has a 50 day simple moving average of C$123.09 and a two-hundred day simple moving average of C$134.93.

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