Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$130.50.

Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Raymond James upped their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a research report on Tuesday. Stifel Nicolaus upped their price target on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Finally, CIBC upped their price target on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th.

Insider Activity

In other Stantec news, Director Vito Culmone purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of C$121.49 per share, for a total transaction of C$485,960.00. 0.27% of the stock is currently owned by insiders.

Stantec Price Performance

Shares of STN opened at C$112.24 on Friday. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock has a 50 day simple moving average of C$115.75 and a 200 day simple moving average of C$114.20. Stantec has a 52-week low of C$103.48 and a 52-week high of C$123.92. The firm has a market capitalization of C$12.80 billion, a PE ratio of 36.92, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.24 by C$0.06. Stantec had a return on equity of 12.91% and a net margin of 6.31%. During the same period last year, the firm posted $1.14 earnings per share.

Stantec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Tuesday, December 31st. Stantec’s payout ratio is presently 27.63%.

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.