Brokerages Set Stantec Inc. (TSE:STN) Target Price at C$120.69

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$120.69.

Several equities research analysts have recently commented on STN shares. Raymond James downgraded shares of Stantec from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$125.00 to C$120.00 in a research report on Thursday, August 8th. BMO Capital Markets boosted their price target on shares of Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th.

Insider Buying and Selling at Stantec

In related news, Director Catherine Margaret Schefer bought 605 shares of the company’s stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of C$114.22 per share, for a total transaction of C$69,102.50. In other Stantec news, Director Catherine Margaret Schefer purchased 605 shares of the stock in a transaction dated Friday, June 28th. The shares were bought at an average price of C$114.22 per share, with a total value of C$69,102.50. Also, Director Vito Culmone purchased 2,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Insiders have purchased a total of 3,050 shares of company stock worth $343,739 over the last three months. 0.27% of the stock is currently owned by insiders.

Stantec Trading Up 0.1 %

TSE:STN opened at C$107.60 on Friday. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. The firm has a 50-day moving average of C$113.41 and a 200-day moving average of C$112.73. The company has a market cap of C$12.27 billion, a PE ratio of 35.39, a PEG ratio of 1.46 and a beta of 0.83. Stantec has a one year low of C$82.50 and a one year high of C$122.57.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$1.11 by C$0.01. The company had revenue of C$1.49 billion during the quarter, compared to the consensus estimate of C$1.49 billion. Stantec had a net margin of 6.31% and a return on equity of 12.91%. As a group, equities research analysts expect that Stantec will post 5.0480077 EPS for the current fiscal year.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s payout ratio is 27.63%.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.