Stantec Inc. (TSE:STN) Receives C$140.50 Consensus Price Target from Analysts

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have been assigned a consensus rating of "Buy" from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$140.50.

Several equities research analysts recently commented on STN shares. TD Securities boosted their price target on shares of Stantec from C$139.00 to C$145.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Royal Bank of Canada boosted their target price on shares of Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their price target on shares of Stantec from C$135.00 to C$138.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Raymond James upgraded Stantec from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Finally, Desjardins increased 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, February 26th.

Stantec Price Performance

STN traded up C$0.05 during trading on Friday, hitting C$121.00. The company's stock had a trading volume of 179,548 shares, compared to its average volume of 264,454. The firm has a market capitalization of C$13.79 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a twelve month low of C$103.48 and a twelve month high of C$129.39. The business's fifty day simple moving average is C$118.60 and its 200 day simple moving average is C$115.95. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a yield of 0.74%. Stantec's payout ratio is 28.03%.

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.