Stifel Nicolaus Increases Stantec (TSE:STN) Price Target to C$145.00

Stantec (TSE:STN - Free Report) NYSE: STN had its price objective hoisted by Stifel Nicolaus from C$130.00 to C$145.00 in a research note released on Friday, BayStreet.CA reports.

Several other equities analysts have also weighed in on the company. Raymond James lowered 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. BMO Capital Markets lifted their price objective on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$121.69.

Stantec Trading Up 0.1 %

Stantec stock traded up C$0.09 during trading hours on Friday, reaching C$112.32. 281,761 shares of the company's stock traded hands, compared to its average volume of 258,447. The firm has a market capitalization of C$12.81 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$122.57. The firm's 50 day moving average is C$111.38 and its 200-day moving average is C$112.41.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, beating the consensus estimate of C$1.11 by C$0.01. The business had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%. On average, analysts predict that Stantec will post 5.0556845 earnings per share for the current year.

Stantec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 0.75%. Stantec's dividend payout ratio is currently 27.63%.

Insiders Place Their Bets

In other news, Director Vito Culmone bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of C$112.97 per share, with a total value of C$225,940.00. In other Stantec news, Director Vito Culmone bought 2,000 shares of Stantec stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji bought 300 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the transaction, the director now owns 840 shares of the company's stock, valued at C$92,190. This represents a 0.00 % increase in their position. In the last 90 days, insiders bought 2,445 shares of company stock worth $274,636. Corporate insiders own 0.27% of the company's stock.

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.