Stantec (TSE:STN – Get Free Report) (NYSE:STN) had its price target increased by equities research analysts at BMO Capital Markets from C$126.00 to C$127.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 13.84% from the company’s current price.
Several other research firms also recently commented on STN. Canaccord Genuity Group upped their target price on Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a research report on Friday, March 1st. TD Securities upped their price objective on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Raymond James lifted their target price on Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. ATB Capital cut shares of Stantec from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$115.00 to C$120.00 in a research report on Friday, March 1st. Finally, CIBC raised their price target on shares of Stantec from C$116.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Stantec has a consensus rating of “Moderate Buy” and an average price target of C$120.23.
Check Out Our Latest Report on Stantec
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last posted its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). Stantec had a return on equity of 13.14% and a net margin of 6.54%. The company had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. As a group, analysts predict that Stantec will post 4.2454998 earnings per share for the current fiscal year.
Insider Transactions at Stantec
In other news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is owned by company insiders.
About Stantec
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.
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