Stantec (TSE:STN) Price Target Raised to C$144.00

Stantec (TSE:STN) (NYSE:STN) had its price target increased by Stifel Nicolaus from C$135.00 to C$144.00 in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group upped their target price on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Canaccord Genuity Group upped their price objective on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a report on Wednesday. Desjardins raised their price objective on shares of Stantec from C$138.00 to C$148.00 and gave the stock a “buy” rating in a research report on Wednesday. CIBC boosted their target price on shares of Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, National Bankshares raised their price target on shares of Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$140.33.

Stantec Trading Up 0.9 %

STN opened at C$123.26 on Wednesday. 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$112.66 and its two-hundred day simple moving average is 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 has a 1-year low of C$103.48 and a 1-year high of C$129.39.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend 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 company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased 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 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.