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

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by Raymond James from C$120.00 to C$130.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $4.31 EPS, Q2 2025 earnings at $1.26 EPS, Q3 2025 earnings at $1.45 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.92 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.50 EPS, Q3 2026 earnings at $1.67 EPS, Q4 2026 earnings at $1.45 EPS and FY2026 earnings at $5.85 EPS.

Several other analysts also recently weighed in on the stock. Scotiabank raised shares of Stantec to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on shares of Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. CIBC raised their target price on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Canaccord Genuity Group lifted their price target on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Finally, BMO Capital Markets raised their price objective on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Three research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$130.50.

Stantec Stock Up 1.0 %

Stantec stock opened at C$116.37 on Tuesday. Stantec has a 1-year low of C$103.48 and a 1-year high of C$123.92. The business has a fifty day moving average price of C$115.74 and a 200-day moving average price 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. The stock has a market capitalization of C$13.27 billion, a price-to-earnings ratio of 38.28, a PEG ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.30 earnings per share for the quarter, topping 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 in the prior year, the firm earned $1.14 earnings per share.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Tuesday, December 31st. Stantec’s payout ratio is presently 27.63%.

Insiders Place Their Bets

In other news, Director Vito Culmone acquired 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of C$121.49 per share, with a total value of C$485,960.00. 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.