Stantec (TSE:STN) Sets New 52-Week High – Still a Buy?

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$122.83 and last traded at C$121.70, with a volume of 29271 shares changing hands. The stock had previously closed at C$121.61.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STN shares. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Canaccord Genuity Group increased their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, Stifel Nicolaus boosted their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$126.36.

Stantec Stock Down 0.4 %

The company has a market capitalization of C$13.72 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 1.46 and a beta of 0.82. The business has a fifty day simple moving average of C$113.70 and a two-hundred day simple moving average of C$113.33. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.70%. Stantec’s payout ratio is presently 27.63%.

Insider Activity

In other Stantec news, Director Vito Culmone bought 4,000 shares of Stantec stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of C$121.49 per share, with a total value of C$485,960.00. In the last quarter, insiders have bought 4,145 shares of company stock worth $501,731. Corporate insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.