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

Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$129.50.

Several research firms have recently weighed in on STN. Canaccord Genuity Group lifted their price target on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. CIBC raised their price objective on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Finally, BMO Capital Markets lifted their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th.

Insider Transactions at Stantec

In other Stantec news, Director Vito Culmone bought 4,000 shares of Stantec stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of C$121.49 per share, with a total value of C$485,960.00. Insiders own 0.27% of the company’s stock.

Stantec Trading Down 0.9 %

Shares of STN opened at C$113.86 on Monday. The firm has a market capitalization of C$12.99 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. Stantec has a 1-year low of C$102.48 and a 1-year high of C$123.92. The company has a 50-day moving average of C$116.81 and a 200 day moving average of C$114.11.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s payout ratio is 27.63%.

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.