Stantec (TSE:STN) Given New C$129.00 Price Target at Scotia

Stantec (TSE:STN) (NYSE:STN) had its price objective dropped by equities researchers at Scotia from C$133.00 to C$129.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s price target indicates a potential upside of 25.49% from the stock’s current price.

Several other brokerages have also issued reports on STN. National Bank Financial dropped their target price on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Stifel Nicolaus decreased their price target on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce dropped their price objective on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. BMO Capital Markets cut their price objective on Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, Desjardins reduced their target price on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$143.00.

Stantec Trading Down 0.0%

Shares of Stantec stock traded down C$0.02 during trading on Friday, hitting C$102.80. The stock had a trading volume of 347,724 shares, compared to its average volume of 455,213. Stantec has a 12 month low of C$93.28 and a 12 month high of C$160.05. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. The firm’s fifty day simple moving average is C$99.11 and its 200-day simple moving average is C$113.34. The stock has a market cap of C$11.73 billion, a PE ratio of 23.96, a PEG ratio of 1.46 and a beta of 0.70.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The company had revenue of C$2.23 billion for the quarter.

Insider Transactions at Stantec

In related news, Director Douglas Keith Ammerman bought 681 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were acquired at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the purchase, the director directly owned 42,512 shares of the company’s stock, valued at approximately C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock bought 1,485 shares of Stantec stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of C$94.85 per share, for a total transaction of C$140,852.25. Following the completion of the transaction, the director owned 4,895 shares of the company’s stock, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their position. 0.27% of the stock is owned by corporate insiders.

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.