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

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$129.50.

A number of equities analysts have issued reports on the stock. CIBC boosted their price objective on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Canaccord Genuity Group lifted their price objective on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th.

Insider Activity

In related news, Director Vito Culmone purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of C$121.49 per share, for a total transaction of C$485,960.00. Company insiders own 0.27% of the company’s stock.

Stantec Stock Down 0.6 %

Shares of Stantec stock opened at C$110.23 on Friday. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. Stantec has a 52-week low of C$103.48 and a 52-week high of C$123.92. The company’s 50 day moving average price is C$115.96 and its 200-day moving average price is C$114.21. The stock has a market capitalization of C$12.57 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were 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 was Tuesday, December 31st. Stantec’s dividend payout ratio is currently 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.