Stantec (TSE:STN) Upgraded to Outperform at ATB Cormark Capital Markets

Stantec (TSE:STN) (NYSE:STN) was upgraded by ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The firm presently has a C$130.00 price target on the stock, down from their previous price target of C$157.00. ATB Cormark Capital Markets’ target price would suggest a potential upside of 23.46% from the stock’s previous close.

Several other brokerages also recently commented on STN. TD Securities cut their target price on Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. Raymond James Financial decreased their price target on Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Royal Bank Of Canada decreased their price target on Stantec from C$175.00 to C$155.00 in a report on Friday. TD decreased their price target on Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a report on Friday. Finally, 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 report on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stantec currently has an average rating of “Buy” and a consensus target price of C$151.69.

Stantec Trading Up 5.4%

STN traded up C$5.39 during midday trading on Friday, hitting C$105.30. 362,013 shares of the company were exchanged, compared to its average volume of 398,363. The firm has a market capitalization of C$12.01 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.46 and a beta of 0.76. Stantec has a 1-year low of C$99.67 and a 1-year high of C$160.05. The firm’s 50 day moving average price is C$121.36 and its 200-day moving average price is C$130.56. The company has a quick ratio of 1.46, a current ratio of 1.23 and a debt-to-equity ratio of 96.66.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. The firm had revenue of C$2.07 billion for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.

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.