Stantec (TSE:STN) Given New C$44.00 Price Target at CIBC

Stantec (TSE:STN) (NYSE:STN) had its price objective boosted by CIBC from C$42.00 to C$44.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

STN has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of Stantec from C$34.00 to C$36.00 and gave the company a sector perform rating in a research note on Wednesday, December 4th. Laurentian increased their price target on shares of Stantec from C$37.00 to C$41.00 in a research note on Wednesday, December 4th. Raymond James reiterated an outperform rating and issued a C$37.50 price target on shares of Stantec in a research note on Friday, November 8th. Canaccord Genuity increased their price target on shares of Stantec from C$33.00 to C$37.00 in a research note on Monday. Finally, Desjardins increased their price target on shares of Stantec from C$38.00 to C$41.00 in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$40.35.

Stantec stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$38.64. The company’s stock had a trading volume of 98,981 shares, compared to its average volume of 409,607. The company has a market capitalization of $4.32 billion and a price-to-earnings ratio of 30.72. Stantec has a 12 month low of C$26.67 and a 12 month high of C$39.06. The business’s 50 day simple moving average is C$36.65 and its 200 day simple moving average is C$31.88. The company has a debt-to-equity ratio of 88.83, a quick ratio of 1.72 and a current ratio of 1.77.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, November 6th. The company reported C$0.59 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.04. The business had revenue of C$952.60 million during the quarter, compared to the consensus estimate of C$922.15 million. As a group, sell-side analysts expect that Stantec will post 2.2899999 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, December 27th. Stantec’s dividend payout ratio is presently 45.51%.

In other news, Director Robert Gomes sold 75,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$36.50, for a total transaction of C$2,737,500.00. Following the completion of the sale, the director now owns 155,752 shares in the company, valued at approximately C$5,684,948.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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