Stantec Inc. (TSE:STN - Free Report) NYSE: STN - Investment analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of Stantec in a report released on Wednesday, January 8th. Scotiabank analyst J. Goldman forecasts that the company will post earnings of $4.30 per share for the year. Scotiabank has a "Strong-Buy" rating on the stock. Scotiabank also issued estimates for Stantec's FY2025 earnings at $4.82 EPS.
A number of other research analysts also recently commented on STN. Stifel Nicolaus raised their target price on shares of Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Canaccord Genuity Group lifted their price objective on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. CIBC boosted their price objective on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets increased their target price on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Stantec presently has a consensus rating of "Moderate Buy" and a consensus target price of C$129.50.
Read Our Latest Stock Report on STN
Stantec Stock Up 0.3 %
Shares of Stantec stock traded up C$0.29 during trading on Monday, hitting C$110.26. 223,914 shares of the stock traded hands, compared to its average volume of 182,553. 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 fifty day simple moving average is C$116.19 and its 200 day simple moving average is C$114.22. The firm has a market cap of C$12.58 billion, a P/E ratio of 36.27, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 52-week low of C$103.48 and a 52-week high of C$123.92.
Stantec Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec's dividend payout ratio is currently 27.63%.
Insider Buying and Selling at Stantec
In related news, Director Vito Culmone purchased 3,000 shares of the business's stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by company insiders.
About Stantec
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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.
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