Stantec (TSE:STN) Given New C$148.00 Price Target at Desjardins

Stantec (TSE:STN - Free Report) NYSE: STN had its price objective raised by Desjardins from C$138.00 to C$148.00 in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Stantec's Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $5.12 EPS, FY2026 earnings at $5.65 EPS and FY2027 earnings at $6.30 EPS.

STN has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a report on Wednesday. CIBC upped their price target on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Canaccord Genuity Group upped their price target on Stantec from C$135.00 to C$138.00 and gave the company a "buy" rating in a research report on Wednesday. Raymond James upped their price target on Stantec from C$120.00 to C$130.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Finally, TD Securities upped their price target on Stantec from C$139.00 to C$145.00 and gave the company a "buy" rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stantec currently has an average rating of "Buy" and an average price target of C$140.33.

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Stantec Price Performance

STN traded up C$1.08 on Wednesday, reaching C$123.26. The stock had a trading volume of 597,665 shares, compared to its average volume of 259,937. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The firm has a 50-day moving average of C$112.66 and a 200-day moving average of C$113.38. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company has a market capitalization of C$14.05 billion, a price-to-earnings ratio of 41.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.68%. Stantec's payout ratio is 28.03%.

Insider Activity at Stantec

In other news, Director Vito Culmone purchased 3,000 shares of the business's stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by corporate insiders.

About Stantec

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.