Stifel Nicolaus Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its price objective lifted by Stifel Nicolaus from C$135.00 to C$144.00 in a report issued on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Desjardins upped their price target on Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research report on Wednesday. CIBC upped their price target on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their price objective on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Canaccord Genuity Group upped their price objective on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, TD Securities upped their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stantec presently has an average rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Performance

Shares of STN opened at C$128.12 on Wednesday. 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 business has a 50-day simple moving average of C$112.05 and a two-hundred day simple moving average of C$113.28. The stock has a market cap of C$14.61 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 52 week low of C$103.48 and a 52 week high of C$129.39.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.66%. Stantec’s payout ratio is 28.03%.

Insider Transactions at Stantec

In other Stantec news, Director Vito Culmone purchased 3,000 shares of Stantec stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Company insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.