Stantec (TSE:STN) Given New C$127.00 Price Target at BMO Capital Markets

Stantec (TSE:STN) (NYSE:STN) had its target price boosted by BMO Capital Markets from C$126.00 to C$127.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also commented on STN. National Bankshares upped their target price on Stantec from C$116.00 to C$126.00 and gave the company an outperform rating in a research report on Friday, March 1st. Raymond James increased their price target on Stantec from C$120.00 to C$125.00 and gave the stock an outperform rating in a report on Friday, March 1st. Royal Bank of Canada increased their price target on Stantec from C$121.00 to C$123.00 and gave the stock an outperform rating in a report on Friday, March 1st. Canaccord Genuity Group increased their price target on Stantec from C$110.00 to C$120.00 and gave the stock a hold rating in a report on Friday, March 1st. Finally, ATB Capital lowered Stantec from an outperform rating to a sector perform rating and increased their price target for the stock from C$115.00 to C$120.00 in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of C$120.23.

Stantec Trading Up 0.4 %

TSE STN opened at C$111.80 on Wednesday. Stantec has a 12 month low of C$77.00 and a 12 month high of C$118.39. The company has a current ratio of 1.41, a quick ratio of 1.46 and a debt-to-equity ratio of 62.82. The business’s 50-day moving average price is C$112.43 and its two-hundred day moving average price is C$104.29. The firm has a market capitalization of C$12.75 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The business had revenue of C$1.24 billion for the quarter, compared to the consensus estimate of C$1.22 billion. On average, analysts expect that Stantec will post 4.2454998 EPS for the current year.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Stantec’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 27th. Stantec’s dividend payout ratio (DPR) is presently 28.19%.

Insider Activity at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is currently owned by company insiders.

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.