Stantec (TSE:STN) Reaches New 1-Year Low – Here’s Why

Stantec Inc. (TSE:STN) (NYSE:STN) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$93.15 and last traded at C$93.98, with a volume of 212401 shares trading hands. The stock had previously closed at C$96.09.

Analyst Ratings Changes

STN has been the subject of a number of recent analyst reports. Scotiabank reduced their target price on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Canadian Imperial Bank of Commerce cut their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. Scotia reduced their target price on Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a report on Friday, August 14th. Royal Bank Of Canada reduced their price objective on Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Finally, Desjardins set a C$169.00 target price on shares of Stantec and gave the stock a “buy” rating in a research report on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Buy” and a consensus price target of C$143.00.

Stantec Trading Down 1.4%

The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The business’s 50 day moving average is C$99.93 and its 200-day moving average is C$105.48. The firm has a market cap of C$10.68 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78.

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

Stantec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be given a $0.2450 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.98 annualized dividend and a yield of 1.0%. Stantec’s dividend payout ratio is 21.22%.

Insider Activity at Stantec

In other Stantec news, Director Shelley Ann Marie Brown purchased 393 shares of Stantec stock in a transaction on Thursday, October 1st. The stock was bought at an average price of C$95.91 per share, for a total transaction of C$37,692.63. Following the transaction, the director owned 6,277 shares of the company’s stock, valued at C$602,027.07. The trade was a 6.68% increase in their position. Also, Director Susan Reisbord acquired 2,068 shares of the stock in a transaction dated 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 purchase, the director directly owned 8,253 shares in the company, valued at approximately C$846,675.27. The trade was a 33.44% increase in their ownership of the stock. 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.