Stantec (TSE:STN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price target raised by Stifel Nicolaus from C$156.00 to C$165.00 in a report released on Wednesday,BayStreet.CA reports.

Several other analysts have also weighed in on the stock. TD Securities boosted their target price on shares of Stantec from C$145.00 to C$165.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. CIBC upped their target price on Stantec from C$141.00 to C$156.00 in a report on Thursday, May 22nd. ATB Capital upped their price objective on Stantec from C$140.00 to C$145.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 22nd. Desjardins raised their target price on Stantec from C$148.00 to C$153.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Finally, Scotiabank upped their price target on shares of Stantec from C$144.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$150.17.

Stantec Stock Up 0.7%

Shares of Stantec stock opened at C$153.74 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. The business has a 50-day moving average price of C$144.78 and a 200 day moving average price of C$126.21. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$153.78. The firm has a market cap of C$17.53 billion, a P/E ratio of 51.30, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.225 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 0.59%. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

Insider Buying and Selling at Stantec

In related news, Director Susan Reisbord purchased 2,785 shares of the firm’s stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of C$147.74 per share, for a total transaction of C$411,458.13. Also, Director Clayton Bock purchased 1,250 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of C$139.51 per share, for a total transaction of C$174,392.88. Company insiders own 0.27% of the company’s stock.

About Stantec

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.