Stantec (TSE:STN) Hits New 52-Week High at $119.83

Stantec Inc. (TSE:STN) (NYSE:STN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$119.83 and last traded at C$119.79, with a volume of 11155 shares traded. The stock had previously closed at C$119.02.

Analysts Set New Price Targets

A number of research firms have issued reports on STN. BMO Capital Markets raised their target price on Stantec from C$127.00 to C$128.00 in a research note on Friday, May 10th. Stifel Nicolaus raised their price target on Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Scotiabank lifted their target price on Stantec from C$119.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Thursday, May 2nd. National Bankshares lifted their target price on Stantec from C$126.00 to C$128.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada lifted their target price on Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$120.85.

Stantec Trading Up 1.1 %

The company has a market capitalization of C$13.73 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The business has a fifty day moving average price of C$113.11 and a 200 day moving average price of C$111.87. The company has a debt-to-equity ratio of 75.54, a current ratio of 1.34 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.90 EPS for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. The company had revenue of C$1.37 billion during the quarter, compared to analyst estimates of C$1.36 billion. Stantec had a return on equity of 13.32% and a net margin of 6.64%. On average, equities analysts expect that Stantec Inc. will post 4.2953046 EPS for the current fiscal year.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.70%. Stantec’s payout ratio is 27.18%.

Insider Activity at Stantec

In related news, Director Catherine Margaret Schefer purchased 605 shares of the stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of C$114.22 per share, for a total transaction of C$69,102.50. 0.26% of the stock is currently owned by corporate insiders.

About Stantec

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.