ATB Capital Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by equities researchers at ATB Capital from C$125.00 to C$135.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Capital’s target price would suggest a potential upside of 6.64% from the company’s previous close.

Several other research firms have also recently commented on STN. Canaccord Genuity Group increased their price objective on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. National Bankshares raised their target price on Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research report on Wednesday. Desjardins lifted their target price on Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Finally, Canaccord Genuity Group increased their target price on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Trading Up 5.6 %

Shares of Stantec stock traded up C$6.67 on Wednesday, hitting C$126.60. 504,362 shares of the company’s stock traded hands, compared to its average volume of 230,142. The company has a fifty day moving average of C$112.05 and a two-hundred day moving average of C$113.28. The company has a market capitalization of C$14.43 billion, a price-to-earnings ratio of 42.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. Stantec has a one year low of C$103.48 and a one year high of C$126.60.

Insider Activity at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by corporate insiders.

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.