Stantec (TSE:STN) Price Target Raised to C$127.00

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

Other analysts have also recently issued research reports about the stock. ATB Capital cut shares of Stantec from an outperform rating to a sector perform rating and upped their price target for the company from C$115.00 to C$120.00 in a research report on Friday, March 1st. CIBC upped their price target on shares of Stantec from C$116.00 to C$120.00 and gave the company an outperform rating in a research report on Friday, March 1st. TD Securities upped their price target on shares of Stantec from C$125.00 to C$130.00 and gave the company a buy rating in a research report on Monday, March 4th. Atb Cap Markets cut shares of Stantec from an outperform rating to a sector perform rating in a research report on Thursday, February 29th. Finally, National Bankshares upped their price target on shares of Stantec from C$116.00 to C$126.00 and gave the company an outperform rating in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$120.23.

Stantec Stock Performance

Shares of Stantec stock opened at C$111.80 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82. The stock has a market cap of C$12.75 billion, a price-to-earnings ratio of 37.52, a P/E/G ratio of 1.46 and a beta of 0.87. The company’s fifty day moving average is C$112.43 and its 200 day moving average is C$104.39. Stantec has a twelve month low of C$77.00 and a twelve month high of C$118.39.

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

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.75%. This is a positive change from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio is currently 28.19%.

Insider Buying and Selling

In related news, Director Steve Marvin Fleck sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were 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.

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.