Stantec (TSE:STN) Price Target Raised to C$130.00 at Raymond James

Stantec (TSE:STN) (NYSE:STN) had its price target raised by Raymond James from C$120.00 to C$130.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. Canaccord Genuity Group lifted their target price on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. CIBC upped their price target on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised their price objective on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$130.50.

Stantec Trading Up 0.2 %

Shares of STN stock opened at C$114.50 on Thursday. Stantec has a twelve month low of C$103.48 and a twelve month high of C$123.92. The stock’s fifty day simple moving average is C$115.64 and its 200 day simple moving average is C$114.19. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74. The firm has a market capitalization of C$13.06 billion, a P/E ratio of 37.66, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec (TSE:STN) (NYSE:STN) last released 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 quarter in the previous year, the company earned $1.14 EPS.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.73%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Transactions at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$112.03 per share, with a total value 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.