Desjardins Boosts Stantec (TSE:STN) Price Target to C$148.00

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by Desjardins from C$138.00 to C$148.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Stantec’s Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $5.12 EPS, FY2026 earnings at $5.65 EPS and FY2027 earnings at $6.30 EPS.

Several other analysts also recently issued reports on the company. Royal Bank of Canada boosted their price objective on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group boosted their price target on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday. CIBC upped their price target on shares of Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Canaccord Genuity Group lifted their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Finally, TD Securities boosted their target price on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Stantec has an average rating of “Buy” and a consensus price target of C$140.33.

Stantec Stock Up 0.9 %

Shares of Stantec stock opened at C$123.26 on Wednesday. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The firm has a market capitalization of C$14.05 billion, a PE ratio of 41.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The stock’s fifty day moving average is C$112.66 and its 200-day moving average is C$113.38.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s dividend payout ratio is currently 28.03%.

Insider Transactions at Stantec

In other news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by company insiders.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.