Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at Desjardins dropped their Q2 2017 EPS estimates for shares of Stantec in a note issued to investors on Friday. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.57. Desjardins currently has a “Buy” rating and a $39.00 target price on the stock. Desjardins also issued estimates for Stantec’s FY2017 earnings at $2.07 EPS.

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Earnings History and Estimates for Stantec (TSE:STN)

Several other research firms have also commented on STN. Scotiabank raised Stantec from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$37.00 to C$40.00 in a research report on Friday, February 24th. TD Securities reduced their price target on Stantec from C$40.00 to C$38.00 and set a “hold” rating for the company in a research report on Friday, February 24th. Raymond James Financial, Inc. boosted their price target on Stantec from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Finally, Royal Bank of Canada reduced their price target on Stantec from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Friday, February 24th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$35.75.

Stantec (TSE:STN) opened at 31.46 on Monday. The firm has a 50-day moving average price of $34.48 and a 200-day moving average price of $34.43. The company has a market cap of $3.59 billion and a P/E ratio of 25.79. Stantec has a 12-month low of $28.74 and a 12-month high of $36.85.

In other Stantec news, Director Donald James Lowry bought 1,500 shares of Stantec stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average cost of C$31.80 per share, with a total value of C$47,700.00. Also, Director Carl Frank Clayton sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of C$35.28, for a total value of C$352,800.00.

About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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