Stantec Inc. (TSE:STN) Receives Consensus Recommendation of "Buy" from Analysts

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has received an average recommendation of "Buy" from the twelve research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$140.33.

A number of equities research analysts have weighed in on the stock. ATB Capital lifted their price target on shares of Stantec from C$125.00 to C$135.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 26th. 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 report on Wednesday, February 26th. BMO Capital Markets boosted their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. CIBC raised their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Raymond James raised shares of Stantec from a "market perform" rating to an "outperform" rating and upped their target price for the stock from C$130.00 to C$140.00 in a research note on Wednesday, February 26th.

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Stantec Trading Down 4.2 %

Shares of TSE:STN traded down C$4.99 during midday trading on Wednesday, reaching C$114.22. 415,337 shares of the company's stock were exchanged, compared to its average volume of 269,835. The stock has a market cap of C$13.02 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The firm's 50 day simple moving average is C$115.80 and its two-hundred day simple moving average is C$114.52. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.225 dividend. This is a positive change from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, March 28th. Stantec's dividend payout ratio is currently 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.