Stantec Inc. (STN) Receives Average Rating of “Hold” from Brokerages
Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$36.28.
A number of brokerages have recently commented on STN. National Bank Financial lowered their price objective on Stantec from C$42.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday, December 1st. CIBC lifted their price objective on Stantec from C$38.00 to C$39.00 and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Desjardins lowered their price objective on Stantec from C$43.00 to C$39.00 in a research report on Friday, February 23rd. Canaccord Genuity lowered their price objective on Stantec from C$36.00 to C$31.00 in a research report on Friday, February 23rd. Finally, Laurentian lowered their price objective on Stantec from C$36.50 to C$34.50 in a research report on Friday, February 23rd.
In other news, Director Scott Lynn Murray purchased 4,000 shares of the stock in a transaction on Friday, March 2nd. The stock was purchased at an average price of C$25.15 per share, with a total value of C$100,600.00. Also, Director Valentino Dimanno purchased 1,552 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of C$32.20 per share, with a total value of C$49,974.40. In the last three months, insiders have acquired 6,052 shares of company stock valued at $163,189.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.13. Stantec’s payout ratio is 58.82%.
Stantec Company Profile
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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