Stantec Inc. (TSE:STN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$126.36.

A number of brokerages have issued reports on STN. Canaccord Genuity Group raised their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Stifel Nicolaus raised their target price on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Scotiabank raised shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th.

Insider Activity at Stantec

In other news, Director Vito Culmone acquired 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of C$121.49 per share, with a total value of C$485,960.00. In the last 90 days, insiders have acquired 4,145 shares of company stock worth $501,731. 0.27% of the stock is currently owned by corporate insiders.

Stantec Price Performance

STN stock opened at C$120.25 on Thursday. The stock has a market capitalization of C$13.72 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The stock’s fifty day simple moving average is C$113.70 and its 200-day simple moving average is C$113.33. Stantec has a 52-week low of C$96.31 and a 52-week high of C$122.83. 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 Dividend Announcement

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

About Stantec

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.