Brokerages Set Stantec Inc. (TSE:STN) PT at C$120.15

Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$120.15.

STN has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price target on shares of Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a report on Friday, March 1st. National Bankshares upped their price target on shares of Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Atb Cap Markets cut shares of Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th. TD Securities upped their price target on shares of Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, CIBC upped their price target on shares of Stantec from C$116.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

Stantec Price Performance

STN opened at C$108.50 on Wednesday. The company has a market cap of C$12.38 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.46 and a beta of 0.87. The company has a 50 day moving average of C$112.43 and a two-hundred day moving average of C$103.54. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82. Stantec has a 52-week low of C$77.00 and a 52-week high of C$118.39.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The firm had revenue of C$1.24 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. Stantec had a net margin of 6.54% and a return on equity of 13.14%. On average, analysts expect that Stantec will post 4.2454998 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 27th. Stantec’s dividend payout ratio is 28.19%.

Insiders Place Their Bets

In other news, Director Steve Marvin Fleck sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. 0.27% of the stock is 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.