Stantec Inc. (TSE:STN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has earned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$123.50.

A number of brokerages have issued reports on STN. Stifel Nicolaus boosted their target price on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Raymond James lowered Stantec from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Scotiabank upgraded Stantec to a "strong-buy" rating in a report on Friday, October 25th. Canaccord Genuity Group increased their price target on shares of Stantec from C$120.00 to C$125.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets raised their price objective on shares of Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th.

Stantec Trading Up 0.7 %

Stantec stock traded up C$0.83 during midday trading on Friday, hitting C$113.77. 133,269 shares of the stock were exchanged, compared to its average volume of 262,175. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The stock's 50-day simple moving average is C$111.19 and its 200 day simple moving average is C$112.54. Stantec has a fifty-two week low of C$85.01 and a fifty-two week high of C$122.57. The stock has a market capitalization of C$12.98 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN - Get Free Report) NYSE: STN last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping the consensus estimate of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The company had revenue of C$1.49 billion during the quarter, compared to analyst estimates of C$1.49 billion.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.74%. Stantec's dividend payout ratio (DPR) is presently 27.63%.

Insider Buying and Selling at Stantec

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

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.