Stantec (TSE:STN) Price Target Cut to C$165.00 by Analysts at Raymond James Financial

Stantec (TSE:STN) (NYSE:STN) had its target price decreased by Raymond James Financial from C$180.00 to C$165.00 in a report published on Wednesday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada increased their target price on Stantec from C$168.00 to C$175.00 in a research report on Friday, February 27th. Stifel Nicolaus upped their price objective on Stantec from C$154.00 to C$160.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. TD Securities dropped their price objective on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. National Bank Financial cut their target price on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Finally, Desjardins increased their price target on shares of Stantec from C$173.00 to C$178.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$161.00.

Stantec Stock Down 0.4%

Shares of Stantec stock opened at C$122.51 on Wednesday. The company has a debt-to-equity ratio of 96.66, a current ratio of 1.23 and a quick ratio of 1.46. The stock has a market cap of C$13.97 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.46 and a beta of 0.73. The firm’s 50-day moving average is C$122.67 and its two-hundred day moving average is C$133.19. Stantec has a 1 year low of C$114.84 and a 1 year high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, February 25th. The company reported C$0.82 earnings per share for the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%. The firm had revenue of C$2.12 billion during the quarter.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.