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

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$123.50.

Several equities analysts have recently commented on STN shares. Canaccord Genuity Group boosted their target price on shares of Stantec from C$120.00 to C$125.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on shares of Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Stifel Nicolaus raised their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Finally, Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th.

Insider Buying and Selling at Stantec

In other Stantec news, Director Asifa Samji bought 300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately C$92,190. This trade represents a 0.00 % increase in their position. In related news, Director Asifa Samji bought 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired 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. The trade was a 0.00 % increase in their ownership of the stock. Also, Director Vito Culmone purchased 2,000 shares of Stantec stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of C$112.97 per share, with a total value of C$225,940.00. Over the last quarter, insiders have bought 2,445 shares of company stock valued at $274,636. 0.27% of the stock is currently owned by insiders.

Stantec Stock Up 0.7 %

STN opened at C$113.77 on Friday. The stock has a fifty day moving average of C$111.19 and a 200-day moving average of C$112.52. The company has a market capitalization of C$12.98 billion, a P/E ratio of 37.42, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a fifty-two week low of C$85.01 and a fifty-two week high of C$122.57. 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 (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. Stantec had a net margin of 6.31% and a return on equity of 12.91%. The firm had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, September 27th. Stantec’s dividend payout ratio is presently 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.