Stantec Inc. (TSE:STN) Director Catherine Margaret Schefer Buys 605 Shares

Stantec Inc. (TSE:STN) (NYSE:STN) Director Catherine Margaret Schefer acquired 605 shares of the business’s stock in a transaction on Friday, June 28th. The stock was acquired at an average cost of C$114.22 per share, for a total transaction of C$69,102.50.

Stantec Stock Down 0.9 %

Shares of STN stock opened at C$114.53 on Monday. The stock’s fifty day moving average price is C$111.82 and its 200 day moving average price is C$110.49. Stantec Inc. has a 1-year low of C$82.50 and a 1-year high of C$118.39. The company has a market cap of C$13.06 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 75.54, a current ratio of 1.34 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.90 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. The business had revenue of C$1.37 billion for the quarter, compared to analyst estimates of C$1.36 billion. Stantec had a return on equity of 13.32% and a net margin of 6.64%. On average, research analysts expect that Stantec Inc. will post 4.2953046 earnings per share for the current fiscal year.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 0.73%. Stantec’s payout ratio is 27.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. National Bankshares lifted their price objective on shares of Stantec from C$126.00 to C$128.00 in a report on Friday, May 10th. TD Securities increased their price objective on Stantec from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Stifel Nicolaus upped their target price on Stantec from C$130.00 to C$132.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Scotiabank raised their price target on Stantec from C$119.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada lifted their price objective on Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$120.85.

Stantec Company Profile

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.