Stantec (NYSE:STN) Given New $42.00 Price Target at BMO Capital Markets

Stantec (NYSE:STN) (TSE:STN) had its price objective hoisted by BMO Capital Markets from $39.00 to $42.00 in a report issued on Monday morning, Stock Target Advisor reports. They currently have an outperform rating on the business services provider’s stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Stantec from a strong-buy rating to a hold rating in a report on Wednesday, November 20th. Raymond James restated an outperform rating and issued a $37.50 price objective on shares of Stantec in a report on Friday, November 8th. Canaccord Genuity boosted their price objective on shares of Stantec from $31.00 to $33.00 and gave the company a hold rating in a report on Friday, November 8th. TD Securities upgraded shares of Stantec from a hold rating to a buy rating and boosted their price objective for the company from $33.00 to $39.00 in a report on Friday, November 8th. Finally, CIBC upgraded shares of Stantec from a neutral rating to an outperform rating and boosted their price objective for the company from $35.00 to $40.00 in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Stantec currently has an average rating of Buy and an average price target of $35.93.

NYSE STN opened at $27.55 on Monday. Stantec has a 52 week low of $20.22 and a 52 week high of $27.86. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $23.41. The firm has a market cap of $3.05 billion, a PE ratio of 19.68 and a beta of 1.27.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Stantec had a return on equity of 11.53% and a net margin of 2.99%. The business had revenue of $716.52 million for the quarter, compared to analyst estimates of $700.81 million. Research analysts expect that Stantec will post 1.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.44 annualized dividend and a yield of 1.60%. Stantec’s dividend payout ratio (DPR) is currently 31.43%.

A number of institutional investors and hedge funds have recently modified their holdings of STN. Aperio Group LLC purchased a new stake in Stantec in the 2nd quarter valued at about $147,000. Swiss National Bank grew its position in Stantec by 1.1% in the 2nd quarter. Swiss National Bank now owns 210,670 shares of the business services provider’s stock valued at $5,056,000 after acquiring an additional 2,200 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Stantec in the 2nd quarter valued at about $3,762,000. CIBC Asset Management Inc grew its position in Stantec by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 65,226 shares of the business services provider’s stock valued at $1,565,000 after acquiring an additional 2,784 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Stantec by 14.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,187 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 2,709 shares in the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

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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