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

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$140.33.

Several research analysts have recently weighed in on the stock. Desjardins increased their price objective on shares of Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$130.00 to C$140.00 in a report on Wednesday, February 26th. Stifel Nicolaus increased their price objective on shares of Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Canaccord Genuity Group increased their price objective on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. 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.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction on Monday, December 30th. The stock was bought at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by corporate insiders.

Stantec Price Performance

TSE:STN opened at C$118.80 on Friday. The firm has a market cap of C$13.54 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company’s 50-day moving average is C$113.16 and its two-hundred day moving average is C$113.56. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 28.03%.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.