Stantec (TSE:STN) Price Target Cut to C$133.00 by Analysts at Scotiabank

Stantec (TSE:STN) (NYSE:STN) had its price target decreased by Scotiabank from C$138.00 to C$133.00 in a research report released on Friday morning,BayStreet.CA reports. Scotiabank currently has a sector outperform rating on the stock.

A number of other brokerages have also recently commented on STN. Stifel Nicolaus cut their price target on shares of 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. Scotia lowered their price objective on 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. TD dropped their target price on Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a report on Friday, May 15th. ATB Cormark Capital Markets upgraded Stantec from a “hold” rating to a “moderate buy” rating and cut their target price for the stock from C$157.00 to C$130.00 in a research report on Friday, May 15th. Finally, National Bank Financial decreased their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Thirteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$147.77.

Stantec Stock Performance

Shares of TSE STN traded up C$0.61 during trading hours on Friday, reaching C$98.08. The stock had a trading volume of 506,551 shares, compared to its average volume of 447,705. The company has a market cap of C$11.19 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.46 and a beta of 0.71. Stantec has a twelve month low of C$94.79 and a twelve month high of C$160.05. The business’s fifty day moving average is C$104.06 and its two-hundred day moving average is C$119.40. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46.

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

Insider Activity at Stantec

In other Stantec news, Director Douglas Keith Ammerman bought 681 shares of Stantec stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the acquisition, the director directly owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock purchased 1,485 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price 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 in the company, valued at C$464,290.75. The trade was a 43.55% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

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.