Stantec (TSE:STN) Price Target Raised to C$143.00

Stantec (TSE:STN) (NYSE:STN) had its price target hoisted by National Bankshares from C$140.00 to C$143.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on STN. Raymond James boosted their target price on Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. CIBC boosted their price objective on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. TD Securities raised their target price on shares of Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group upped 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. Finally, Canaccord Genuity Group increased their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$140.33.

Stantec Price Performance

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

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone purchased 3,000 shares of Stantec stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. Company insiders own 0.27% of the company’s stock.

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.