Stantec (TSE:STN) Director Buys C$140,852.25 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Clayton Bock purchased 1,485 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the acquisition, the director directly owned 4,895 shares of the company’s stock, valued at C$464,290.75. This represents a 43.55% increase in their ownership of the stock.

Stantec Stock Performance

STN traded up C$1.72 during trading on Friday, reaching C$98.04. The company’s stock had a trading volume of 214,452 shares, compared to its average volume of 435,820. The company has a debt-to-equity ratio of 76.67, a quick ratio of 1.46 and a current ratio of 1.35. The company’s fifty day moving average price is C$109.58 and its 200-day moving average price is C$121.77. Stantec Inc. has a 52-week low of C$94.79 and a 52-week high of C$160.05. The company has a market capitalization of C$11.18 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on STN. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating and reduced their target price for the company from C$157.00 to C$130.00 in a report on Friday, May 15th. TD lowered their price target 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, May 15th. 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. Desjardins decreased their price objective on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Scotia lowered their target price on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$150.54.

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.