Stantec (TSE:STN) PT Raised to C$120.00

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by Scotiabank from C$119.00 to C$120.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Stantec from C$121.00 to C$123.00 and gave the company an outperform rating in a research note on Friday, March 1st. Stifel Nicolaus boosted their price objective on shares of Stantec from C$130.00 to C$132.00 and gave the stock a buy rating in a report on Thursday. Raymond James upped their price objective on Stantec from C$120.00 to C$125.00 and gave the company an outperform rating in a research report on Friday, March 1st. BMO Capital Markets lifted their target price on Stantec from C$126.00 to C$127.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. Finally, National Bankshares boosted their price target on Stantec from C$116.00 to C$126.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$120.46.

Stantec Stock Performance

Shares of STN opened at C$114.52 on Thursday. Stantec has a 52 week low of C$77.00 and a 52 week high of C$118.39. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82. The stock has a market cap of C$13.06 billion, a P/E ratio of 38.43, a P/E/G ratio of 1.46 and a beta of 0.87. The business’s 50 day moving average price is C$112.42 and its 200-day moving average price is C$105.32.

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

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio is 28.19%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was 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.