Stantec (TSE:STN) Price Target Lowered to C$171.00 at Desjardins

Stantec (TSE:STN) (NYSE:STN) had its price objective trimmed by Desjardins from C$178.00 to C$171.00 in a research note published on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on STN. TD Securities decreased their price target on shares of Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. TD reduced their price objective on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James Financial reduced their price objective on shares of Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. National Bank Financial reduced their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Finally, Scotiabank reduced their price objective on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec has an average rating of “Buy” and an average price target of C$151.69.

Stantec Trading Up 6.5%

Shares of TSE STN opened at C$106.39 on Friday. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. Stantec has a 52-week low of C$99.67 and a 52-week high of C$160.05. The firm has a 50 day moving average price of C$120.96 and a two-hundred day moving average price of C$130.39. The stock has a market cap of C$12.14 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The firm had revenue of C$2.07 billion during the quarter.

Stantec Company Profile

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.