Stantec Inc. (TSE:STN) Receives C$120.15 Average Target Price from Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$120.15.

STN has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Royal Bank of Canada increased their price target on Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a report on Friday, March 1st. CIBC upped their price objective on shares of Stantec from C$116.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. National Bankshares lifted their target price on shares of Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, ATB Capital cut shares of Stantec from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$115.00 to C$120.00 in a report on Friday, March 1st.

Stantec Trading Down 1.1 %

TSE:STN opened at C$112.46 on Friday. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41. The company has a market capitalization of C$12.83 billion, a P/E ratio of 37.74, a P/E/G ratio of 1.46 and a beta of 0.89. Stantec has a 52 week low of C$76.52 and a 52 week high of C$118.39. The stock’s 50 day moving average price is C$112.09 and its 200 day moving average price is C$101.33.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). The business had revenue of C$1.24 billion for the quarter, compared to the consensus estimate of C$1.22 billion. Stantec had a net margin of 6.54% and a return on equity of 13.14%. On average, research analysts forecast that Stantec will post 4.2467057 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.21 dividend. This is a boost from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 27th. This represents a $0.84 annualized dividend and a yield of 0.75%. Stantec’s dividend payout ratio is 28.19%.

Insiders Place Their Bets

In other news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total transaction of C$232,040.00. 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.