Stantec (TSE:STN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by Canaccord Genuity Group from C$135.00 to C$138.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. CIBC increased their target price on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. BMO Capital Markets upped their price objective on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Canaccord Genuity Group lifted their price objective on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. TD Securities upped their target price on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. One 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 company’s stock. According to data from MarketBeat.com, Stantec presently has an average rating of “Buy” and an average target price of C$140.33.

Stantec Stock Up 0.9 %

Shares of TSE STN opened at C$123.26 on Wednesday. The firm’s 50-day moving average is C$112.66 and its two-hundred day moving average is C$113.38. The company 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. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec Dividend Announcement

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

Insider Buying and Selling

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