Stantec (TSE:STN) Director Buys 2,068 Shares

Stantec Inc. (TSE:STN) (NYSE:STN) Director Susan Reisbord acquired 2,068 shares of the business’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of C$102.59 per share, for a total transaction of C$212,156.12. Following the transaction, the director owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. The trade was a 33.44% increase in their position.

Stantec Stock Performance

Shares of TSE STN traded down C$0.69 during trading on Tuesday, reaching C$102.04. 320,356 shares of the stock traded hands, compared to its average volume of 454,868. Stantec Inc. has a 52-week low of C$93.28 and a 52-week high of C$160.05. The company has a 50-day moving average of C$99.29 and a 200-day moving average of C$111.67. The stock has a market capitalization of C$11.64 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.The firm had revenue of C$2.23 billion during the quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Desjardins set a C$169.00 price objective on Stantec and gave the company a “buy” rating in a research report on Friday, August 14th. National Bank Financial decreased their price objective on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada reduced their price objective on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. TD decreased their target price on 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. Finally, Raymond James Financial cut their price objective on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$143.00.

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.