Stantec (TSE:STN) Given New C$130.00 Price Target at Raymond James

Stantec (TSE:STN) (NYSE:STN) had its target price increased by research analysts at Raymond James from C$120.00 to C$130.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential upside of 12.72% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Canaccord Genuity Group boosted their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a research note on Friday, October 25th. CIBC boosted their target price on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets increased their price target on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong 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$130.50.

Stantec Stock Up 0.9 %

Shares of TSE:STN traded up C$1.06 during trading on Thursday, reaching C$115.33. 66,244 shares of the stock were exchanged, compared to its average volume of 179,708. The firm has a market cap of C$13.16 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The stock has a fifty day moving average of C$115.64 and a two-hundred day moving average of C$114.19. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. Stantec has a 1-year low of C$103.48 and a 1-year high of C$123.92.

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

Insider Transactions at Stantec

In other Stantec news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$112.03 per share, for a total transaction of C$336,099.00. Insiders own 0.27% of the company’s stock.

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.