Stantec (TSE:STN) Upgraded to "Outperform" at Raymond James

Raymond James upgraded shares of Stantec (TSE:STN - Free Report) NYSE: STN from a market perform rating to an outperform rating in a research report sent to investors on Wednesday, MarketBeat reports. They currently have C$140.00 target price on the stock, up from their prior target price of C$130.00. Raymond James also issued estimates for Stantec's Q1 2025 earnings at $1.08 EPS, Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $1.30 EPS, FY2025 earnings at $5.25 EPS, Q1 2026 earnings at $1.28 EPS, Q2 2026 earnings at $1.56 EPS, Q3 2026 earnings at $1.72 EPS, Q4 2026 earnings at $1.54 EPS and FY2026 earnings at $6.10 EPS.

A number of other equities research analysts also recently issued reports on the stock. National Bankshares boosted their target price on shares of Stantec from C$140.00 to C$143.00 and gave the company an "outperform" rating in a report on Wednesday. Scotiabank upped their target price on shares of Stantec from C$129.00 to C$141.00 and gave the company an "outperform" rating in a research note on Wednesday. ATB Capital upped their target price on shares of Stantec from C$125.00 to C$135.00 and gave the company a "sector perform" rating in a research note on Wednesday. Stifel Nicolaus upped their target price on shares of Stantec from C$135.00 to C$144.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$140.33.

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Stantec Trading Up 0.9 %

Stantec stock traded up C$1.08 during trading on Wednesday, reaching C$123.26. The company had a trading volume of 597,665 shares, compared to its average volume of 259,937. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The stock's 50 day moving average price is C$112.66 and its two-hundred day moving average price is C$113.38. The firm has a market capitalization of C$14.05 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. Stantec's dividend payout ratio (DPR) is 28.03%.

Insider Transactions at Stantec

In other news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. Insiders own 0.27% of the company's stock.

About Stantec

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.