Stantec (TSE:STN) PT Raised to C$120.00

Stantec (TSE:STN) (NYSE:STN) had its target price increased by Scotiabank from C$119.00 to C$120.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on STN. Raymond James lifted their target price on shares of Stantec from C$120.00 to C$125.00 and gave the company an outperform rating in a report on Friday, March 1st. Atb Cap Markets downgraded Stantec from an outperform rating to a sector perform rating in a research note on Thursday, February 29th. ATB Capital cut shares of Stantec from an outperform rating to a sector perform rating and raised their price objective for the stock from C$115.00 to C$120.00 in a research note on Friday, March 1st. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$132.00 and gave the company a buy rating in a research note on Thursday. Finally, National Bankshares boosted their price target on Stantec from C$116.00 to C$126.00 and gave the stock an outperform rating in a report on Friday, March 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$120.46.

Stantec Trading Up 0.1 %

TSE STN opened at C$114.52 on Thursday. The firm’s fifty day moving average is C$112.42 and its two-hundred day moving average is C$105.07. Stantec has a one year low of C$77.00 and a one year high of C$118.39. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41. The firm has a market cap of C$13.06 billion, a PE ratio of 38.43, a P/E/G ratio of 1.46 and a beta of 0.87.

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

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Stantec’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.73%. Stantec’s dividend payout ratio (DPR) is currently 28.19%.

Insider Activity

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

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.