Stantec (TSE:STN) Stock Price Expected to Rise, Raymond James Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by stock analysts at Raymond James from C$120.00 to C$130.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price objective points to a potential upside of 15.59% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. CIBC lifted their target price on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Canaccord Genuity Group upped their price target on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$130.50.

Stantec Stock Down 1.8 %

Shares of Stantec stock opened at C$112.47 on Thursday. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92. The stock has a market cap of C$12.83 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. 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 company has a fifty day moving average price of C$115.43 and a 200 day moving average price of C$114.15.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, November 7th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $1.14 earnings per share.

Insider Activity

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

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.