Stantec (TSE:STN) Price Target Raised to C$144.00 at Stifel Nicolaus

Stantec (TSE:STN - Free Report) NYSE: STN had its price objective lifted by Stifel Nicolaus from C$135.00 to C$144.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also commented on STN. CIBC raised their target price on shares of Stantec from C$134.00 to C$139.00 and gave the stock an "outperform" rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the company an "outperform" rating in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Raymond James increased their price objective on shares of Stantec from C$120.00 to C$130.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Finally, National Bankshares increased their price objective on shares of Stantec from C$140.00 to C$143.00 and gave the company an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stantec currently has a consensus rating of "Buy" and an average target price of C$140.33.

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Stantec Trading Up 0.9 %

Shares of TSE:STN traded up C$1.08 during trading on Wednesday, reaching C$123.26. 597,665 shares of the company were exchanged, compared to its average volume of 259,937. The firm has a market capitalization of C$14.05 billion, a PE ratio of 41.13, a P/E/G ratio of 1.46 and a beta of 0.82. The business's fifty day simple moving average is C$112.66 and its 200-day simple moving average is C$113.38. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid 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 0.68%. Stantec's dividend payout ratio (DPR) is 28.03%.

Insider Transactions at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of the company's stock in a transaction dated Monday, December 30th. The shares were purchased at an average cost of C$112.03 per share, with a total value 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.