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

Stantec Inc. (TSE:STN) (NYSE:STN) has received an average rating of “Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$140.33.

STN has been the topic of several analyst reports. Canaccord Genuity Group raised their price target on shares of Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. CIBC raised their price objective on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. BMO Capital Markets upped their target price on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Stifel Nicolaus raised their price target on Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, TD Securities upped their price objective on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th.

Stantec Trading Up 0.4 %

Shares of Stantec stock opened at C$119.76 on Wednesday. Stantec has a 1 year low of C$103.48 and a 1 year high of C$129.39. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The business has a 50 day moving average price of C$115.60 and a 200 day moving average price of C$114.34. The company has a market capitalization of C$13.65 billion, a P/E ratio of 39.96, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.225 per share. This is a boost from Stantec’s previous quarterly dividend of $0.21. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Stantec’s payout ratio is currently 28.03%.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.