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

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have been assigned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$121.69.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. BMO Capital Markets increased their price target on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Raymond James cut Stantec from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other Stantec news, Director Asifa Samji acquired 300 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares of the company's stock, valued at C$92,190. This trade represents a 0.00 % increase in their ownership of the stock. In other news, Director Vito Culmone purchased 2,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were 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 company's stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the transaction, the director now directly owns 840 shares in the company, valued at C$92,190. The trade was a 0.00 % increase in their ownership of the stock. Insiders have acquired 2,445 shares of company stock worth $274,636 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Stantec Stock Up 0.4 %

Stantec stock traded up C$0.50 during midday trading on Wednesday, reaching C$113.61. The stock had a trading volume of 333,268 shares, compared to its average volume of 258,143. 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$82.50 and a 12 month high of C$122.57. The company has a fifty day moving average price of C$111.14 and a two-hundred day moving average price of C$112.37. The company has a market capitalization of C$12.96 billion, a P/E ratio of 37.37, a PEG ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its quarterly earnings results 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 analysts' expectations of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, September 27th. Stantec's payout ratio is 27.63%.

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.