Stantec Inc. (TSE:STN) Receives C$126.36 Average PT from Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$126.36.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Raymond James lowered shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Finally, 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.

Stantec Trading Up 0.2 %

Shares of STN stock opened at C$121.27 on Thursday. Stantec has a fifty-two week low of C$96.50 and a fifty-two week high of C$122.83. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock’s fifty day moving average is C$114.24 and its two-hundred day moving average is C$113.42. The firm has a market capitalization of C$13.83 billion, a P/E ratio of 39.89, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.69%. Stantec’s payout ratio is currently 27.63%.

Insiders Place Their Bets

In other news, Director Vito Culmone purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. Insiders purchased a total of 4,145 shares of company stock valued at $501,731 over the last 90 days. 0.27% of the stock is owned by company insiders.

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.