National Bank Financial Lowers Stantec (TSE:STN) Price Target to C$120.00

Stantec (TSE:STN) (NYSE:STN) had its target price cut by National Bank Financial from C$143.00 to C$120.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 22.84% from the company’s current price.

A number of other research firms have also recently issued reports on STN. TD lowered their price objective on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Desjardins cut their target price on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Scotia decreased 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 note on Friday, May 15th. Scotiabank lowered their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a report on Friday. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. Thirteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$146.00.

Stantec Price Performance

TSE STN traded down C$0.39 during trading on Monday, hitting C$97.69. 202,253 shares of the company’s stock were exchanged, compared to its average volume of 445,808. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67. The company has a market cap of C$11.14 billion, a PE ratio of 22.77, a P/E/G ratio of 1.46 and a beta of 0.71. Stantec has a fifty-two week low of C$94.79 and a fifty-two week high of C$160.05. The stock’s 50 day moving average price is C$104.06 and its two-hundred day moving average price is C$119.33.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, May 13th. The company reported C$1.33 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.

Insider Activity

In other news, Director Clayton Bock acquired 1,485 shares of the stock in a transaction dated Friday, June 26th. The stock was bought at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the purchase, 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 position. Also, Director Douglas Keith Ammerman acquired 681 shares of the stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the purchase, the director directly owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. Insiders own 0.27% of the company’s stock.

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.