Stantec Inc. (TSE:STN) Given Consensus Rating of "Moderate Buy" by Analysts

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has received an average rating of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$126.36.

Several equities research analysts have recently commented on STN shares. Canaccord Genuity Group boosted their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Stifel Nicolaus boosted their price target on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Scotiabank raised shares of Stantec to a "strong-buy" rating in a research note on Friday, October 25th. Finally, Raymond James downgraded shares of Stantec from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th.

Stantec Stock Up 0.7 %

Stantec stock traded up C$0.81 during midday trading on Thursday, reaching C$121.06. The stock had a trading volume of 66,488 shares, compared to its average volume of 262,058. The company has a fifty day moving average price of C$113.70 and a two-hundred day moving average price of C$113.33. The company has a market capitalization of C$13.81 billion, a P/E ratio of 39.56, a PEG ratio of 1.46 and a beta of 0.82. 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 12 month low of C$96.50 and a 12 month high of C$122.83.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.69%. Stantec's dividend payout ratio is currently 27.63%.

Insiders Place Their Bets

In other Stantec news, Director Vito Culmone purchased 4,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of C$121.49 per share, for a total transaction of C$485,960.00. Insiders purchased a total of 4,145 shares of company stock worth $501,731 in the last quarter. 0.27% of the stock is owned by company insiders.

Stantec Company Profile

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.