Stantec (TSE:STN) Price Target Raised to C$145.00 at TD Securities

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by TD Securities from C$139.00 to C$145.00 in a research report report published on Wednesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Raymond James increased their price target on shares of Stantec from C$120.00 to C$130.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. CIBC upped their price objective on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. BMO Capital Markets raised their price objective on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Canaccord Genuity Group boosted their target price on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$140.33.

Stantec Price Performance

Stantec stock opened at C$123.26 on Wednesday. Stantec has a 52-week low of C$103.48 and a 52-week high of C$129.39. The company 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. The firm’s fifty day moving average is C$112.66 and its 200 day moving average is C$113.38. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Stantec Announces Dividend

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

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction on Monday, December 30th. The stock was bought at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is currently owned by corporate insiders.

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.