Stantec Inc. (TSE:STN) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have received an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$130.50.

A number of equities analysts recently weighed in on STN shares. Scotiabank raised Stantec to a "strong-buy" rating in a report on Friday, October 25th. BMO Capital Markets increased their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Canaccord Genuity Group increased their target price on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Raymond James increased their target price on Stantec from C$120.00 to C$130.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Finally, CIBC increased their target price on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th.

Insider Buying and Selling

In other news, Director Vito Culmone purchased 3,000 shares of the firm's stock in a transaction on Monday, December 30th. The shares were bought 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 company insiders.

Stantec Stock Performance

Shares of STN stock traded down C$0.88 on Tuesday, hitting C$109.56. The company had a trading volume of 202,292 shares, compared to its average volume of 211,276. The firm has a market cap of C$12.49 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a 50-day moving average price of C$113.38 and a 200-day moving average price of C$113.72. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 0.77%. Stantec's payout ratio is 28.03%.

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.