Stantec Inc. (TSE:STN) Given Average Recommendation of “Moderate Buy” by Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$121.69.

STN has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on Stantec from C$128.00 to C$131.00 in a research note on Wednesday, July 24th. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th.

Stantec Stock Up 0.4 %

Shares of STN stock opened at C$113.11 on Wednesday. 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 twelve month low of C$82.50 and a twelve month high of C$122.57. The stock has a 50 day moving average of C$111.14 and a 200 day moving average of C$112.37. The stock has a market cap of C$12.90 billion, a P/E ratio of 37.21, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of C$1.49 billion.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. Stantec’s dividend payout ratio is presently 27.63%.

Insider Activity at Stantec

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

About Stantec

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.