Brokerages Set Stantec Inc. (TSE:STN) Price Target at C$120.15

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$120.15.

A number of equities analysts have weighed in on STN shares. Canaccord Genuity Group upped their price target on shares of Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. ATB Capital cut Stantec from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$115.00 to C$120.00 in a report on Friday, March 1st. Atb Cap Markets downgraded Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. National Bankshares increased their target price on Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, Scotiabank increased their price objective on shares of Stantec from C$116.00 to C$119.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

Stantec Trading Up 2.1 %

TSE:STN opened at C$110.58 on Wednesday. Stantec has a one year low of C$77.00 and a one year high of C$118.39. The business has a fifty day moving average price of C$112.47 and a 200-day moving average price of C$104.04. The firm has a market capitalization of C$12.61 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 62.82, a current ratio of 1.41 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a return on equity of 13.14% and a net margin of 6.54%. The company had revenue of C$1.24 billion during the quarter, compared to the consensus estimate of C$1.22 billion. Sell-side analysts forecast that Stantec will post 4.2454998 EPS for the current year.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Stantec’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.76%. Stantec’s dividend payout ratio (DPR) is currently 28.19%.

Insider Buying and Selling at Stantec

In related news, Director Steve Marvin Fleck sold 2,000 shares of Stantec stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. Company 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.