Stantec (TSE:STN) Price Target Raised to C$141.00

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by CIBC from C$139.00 to C$141.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also recently commented on the company. Canaccord Genuity Group boosted their price target on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Royal Bank of Canada upped their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. ATB Capital boosted their target price on shares of Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 26th. Finally, National Bankshares increased their price target on Stantec from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$140.50.

Stantec Stock Performance

Shares of TSE:STN opened at C$120.88 on Thursday. Stantec has a 1 year low of C$103.48 and a 1 year high of C$129.39. The stock has a market capitalization of C$13.78 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The company’s 50 day simple moving average is C$117.38 and its 200 day simple moving average is C$115.47.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.225 dividend. The ex-dividend date was Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 0.74%. Stantec’s dividend payout ratio is presently 28.03%.

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.