Stantec (TSE:STN) PT Raised to C$145.00 at Stifel Nicolaus

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by Stifel Nicolaus from C$130.00 to C$145.00 in a research note published on Friday morning, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on STN. Raymond James cut Stantec from an outperform rating to a market perform rating and reduced their price objective for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. BMO Capital Markets boosted their target price on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$121.69.

Stantec Trading Up 0.1 %

STN stock opened at C$112.32 on Friday. The firm has a fifty day moving average price of C$111.38 and a 200 day moving average price of C$112.41. Stantec has a fifty-two week low of C$82.50 and a fifty-two week high of C$122.57. The firm has a market cap of C$12.81 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.83. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 7th. The company reported C$1.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.11 by C$0.01. The firm had revenue of C$1.49 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%. Sell-side analysts anticipate that Stantec will post 5.0556845 earnings per share for the current fiscal year.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insiders Place Their Bets

In related news, Director Vito Culmone bought 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average cost of C$112.97 per share, with a total value of C$225,940.00. In other news, Director Asifa Samji acquired 300 shares of Stantec stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now directly owns 840 shares of the company’s stock, valued at C$92,190. This trade represents a 0.00 % increase in their position. Also, Director Vito Culmone bought 2,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were purchased at an average cost of C$112.97 per share, with a total value of C$225,940.00. Insiders have acquired a total of 2,445 shares of company stock worth $274,636 over the last quarter. Company insiders own 0.27% of the company’s stock.

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.