Stantec (TSE:STN – Get Free Report) (NYSE:STN) had its price objective hoisted by Scotiabank from C$119.00 to C$120.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 5.60% from the company’s current price.
A number of other analysts have also recently weighed in on STN. Raymond James increased their target price on shares of Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Atb Cap Markets lowered shares of Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th. Canaccord Genuity Group upped their price target on shares of Stantec from C$110.00 to C$120.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. ATB Capital lowered shares of Stantec from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$115.00 to C$120.00 in a research report on Friday, March 1st. Finally, Royal Bank of Canada increased their target price on shares of Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Stantec has a consensus rating of “Moderate Buy” and a consensus price target of C$120.46.
Read Our Latest Stock Analysis on STN
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last issued its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). The business had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a return on equity of 13.14% and a net margin of 6.54%. As a group, equities research analysts forecast that Stantec will post 4.2454998 EPS for the current year.
Insider Buying and Selling
In related news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is currently owned by corporate insiders.
Stantec Company Profile
Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.
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