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

Stantec (TSE:STN) (NYSE:STN) had its price objective boosted by Scotiabank from C$129.00 to C$141.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

STN has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$135.00 to C$138.00 and gave the company a “buy” rating in a research report on Wednesday. ATB Capital upped their target price on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a report on Wednesday. BMO Capital Markets increased their price target on Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. National Bankshares boosted their price objective on Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Canaccord Genuity Group increased their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$140.33.

Stantec Stock Up 0.9 %

STN stock opened at C$123.26 on Wednesday. The firm has a market cap of C$14.05 billion, a price-to-earnings ratio of 41.13, a PEG 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. The firm has a fifty day moving average price of C$112.66 and a two-hundred day moving average price of C$113.38. 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio is currently 28.03%.

Insider Buying and Selling

In related news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. Corporate 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.