Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Investment analysts at Desjardins lifted their FY2024 earnings per share estimates for Stantec in a research report issued to clients and investors on Sunday, November 10th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $4.28 per share for the year, up from their previous forecast of $4.19. Desjardins also issued estimates for Stantec's Q4 2024 earnings at $0.97 EPS, FY2025 earnings at $4.77 EPS and FY2026 earnings at $5.50 EPS.
STN has been the subject of several other reports. Raymond James downgraded shares of Stantec from an "outperform" rating to a "market perform" rating and cut their price target for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. BMO Capital Markets boosted their price target on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Scotiabank raised shares of Stantec to a "strong-buy" rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group raised their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$124.33.
Get Our Latest Analysis on STN
Stantec Stock Performance
Shares of STN stock traded down C$1.17 during trading on Tuesday, reaching C$114.38. 88,056 shares of the company's stock traded hands, compared to its average volume of 261,241. The firm's 50-day moving average is C$111.40 and its 200 day moving average is C$112.75. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a 1 year low of C$92.40 and a 1 year high of C$122.57. The company has a market capitalization of C$13.05 billion, a P/E ratio of 37.63, a PEG ratio of 1.46 and a beta of 0.82.
Stantec Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec's dividend payout ratio (DPR) is presently 27.63%.
Insider Activity
In other news, Director Vito Culmone acquired 2,000 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of C$112.97 per share, with a total value of C$225,940.00. In related news, Director Vito Culmone purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji bought 300 shares of Stantec stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the purchase, the director now owns 840 shares of the company's stock, valued at approximately C$92,190. This trade represents a 0.00 % increase in their position. Insiders have purchased a total of 2,445 shares of company stock worth $274,636 over the last quarter. Insiders own 0.27% of the company's stock.
About Stantec
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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.
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