Stantec (TSE:STN) PT Raised to C$125.00

Stantec (TSE:STN) (NYSE:STN) had its price target boosted by stock analysts at Canaccord Genuity Group from C$120.00 to C$125.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock.

Several other brokerages have also weighed in on STN. BMO Capital Markets increased their price objective on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Stifel Nicolaus increased their price target on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Finally, Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy” and a consensus price target of C$123.50.

Stantec Price Performance

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 52-week low of C$82.50 and a 52-week high of C$122.57. The company has a market capitalization of C$12.96 billion, a P/E ratio of 37.72, a P/E/G ratio of 1.46 and a beta of 0.82. The business’s fifty day moving average price is C$110.75 and its two-hundred day moving average price is C$112.33.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping 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 firm had revenue of C$1.49 billion during the quarter, compared to analysts’ expectations of C$1.49 billion.

Insider Buying and Selling

In related news, Director Vito Culmone purchased 2,000 shares of Stantec stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, for a total transaction of C$225,940.00. In other news, Director Asifa Samji acquired 300 shares of Stantec stock in a transaction dated Wednesday, August 14th. The stock was 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 transaction, the director now directly owns 840 shares of the company’s stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. Also, Director Vito Culmone bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In the last three months, insiders acquired 2,445 shares of company stock valued at $274,636. 0.27% of the stock is owned by corporate 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.