Stantec (TSE:STN) Stock Price Expected to Rise, Scotiabank Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price objective raised by research analysts at Scotiabank from C$161.00 to C$162.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 15.97% from the stock’s previous close.

A number of other equities analysts have also commented on STN. TD Securities boosted their price target on shares of Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Stifel Nicolaus lifted their target price on shares of Stantec from C$160.00 to C$175.00 and gave the company a “buy” rating in a research note on Monday, October 6th. National Bankshares decreased their price target on Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. CIBC raised their price target on Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Desjardins boosted their price objective on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$166.70.

Stantec Price Performance

STN traded up C$2.85 during midday trading on Thursday, reaching C$139.69. 175,184 shares of the company’s stock were exchanged, compared to its average volume of 346,117. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The business has a 50-day simple moving average of C$133.86 and a two-hundred day simple moving average of C$145.66. The firm has a market capitalization of C$15.93 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78. Stantec has a one year low of C$107.23 and a one year high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The business had revenue of C$2.14 billion during the quarter.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.