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

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have been assigned an average rating of "Moderate Buy" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$126.36.

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

Stantec Trading Up 0.7 %

Stantec stock traded up C$0.81 during trading hours 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 simple moving average of C$113.70 and a 200-day simple moving average of C$113.33. Stantec has a 52 week low of C$96.50 and a 52 week high of C$122.83. The stock has a market cap of C$13.81 billion, a PE ratio of 39.56, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46.

Stantec Dividend Announcement

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

Insider Transactions at Stantec

In other news, Director Vito Culmone bought 4,000 shares of Stantec stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of C$121.49 per share, with a total value of C$485,960.00. Insiders have acquired 4,145 shares of company stock worth $501,731 in the last 90 days. 0.27% of the stock is currently owned by insiders.

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.