Stantec (TSE:STN) Price Target Raised to C$130.00 at Raymond James

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by Raymond James from C$120.00 to C$130.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Other analysts have also recently issued reports about the stock. CIBC upped their price objective on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. 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. Stifel Nicolaus increased their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Scotiabank raised Stantec to a “strong-buy” rating in a report on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on shares of Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$130.50.

Stantec Stock Up 0.2 %

TSE STN opened at C$112.24 on Tuesday. Stantec has a 1-year low of C$103.48 and a 1-year high of C$123.92. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The stock’s 50 day moving average is C$115.75 and its two-hundred day moving average is C$114.20. The company has a market capitalization of C$12.80 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$1.24 by C$0.06. Stantec had a return on equity of 12.91% and a net margin of 6.31%. During the same period last year, the business posted $1.14 EPS.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio is presently 27.63%.

Insider Buying and Selling at Stantec

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

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.