Stantec (TSE:STN) Price Target Cut to C$154.00 by Analysts at BMO Capital Markets

Stantec (TSE:STN) (NYSE:STN) had its price objective dropped by analysts at BMO Capital Markets from C$175.00 to C$154.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 46.25% from the stock’s current price.

Several other brokerages also recently commented on STN. Scotiabank lowered their price objective on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. TD decreased their price target on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus decreased their price target on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Desjardins decreased their price target on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a research note on Friday. Finally, National Bank Financial decreased their price target on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$151.69.

Stantec Trading Up 5.4%

Shares of TSE:STN traded up C$5.39 during midday trading on Friday, hitting C$105.30. 362,013 shares of the stock traded hands, compared to its average volume of 398,363. The stock has a market capitalization of C$12.01 billion, a PE ratio of 25.07, a P/E/G ratio of 1.46 and a beta of 0.76. The business’s 50 day moving average is C$121.36 and its two-hundred day moving average is C$130.56. The company has a quick ratio of 1.46, a current ratio of 1.23 and a debt-to-equity ratio of 96.66. Stantec has a one year low of C$99.67 and a one year high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. The firm had revenue of C$2.07 billion during the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%.

Stantec Company Profile

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.