Stantec (TSE:STN) Sets New 52-Week Low – Here’s What Happened

Stantec Inc. (TSE:STN) (NYSE:STN) reached a new 52-week low on Wednesday . The stock traded as low as C$99.51 and last traded at C$99.94, with a volume of 281643 shares trading hands. The stock had previously closed at C$103.04.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotia reduced their price objective on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 15th. TD Securities reduced their price target on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating and reduced their price target for the stock from C$157.00 to C$130.00 in a research report on Friday, May 15th. Stifel Nicolaus reduced their price target on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Scotiabank reduced their price target on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Thirteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Stantec has an average rating of “Buy” and a consensus target price of C$150.54.

Stantec Stock Down 3.3%

The firm has a 50-day moving average of C$115.00 and a 200 day moving average of C$124.74. The stock has a market capitalization of C$11.36 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. The firm had revenue of C$2.07 billion for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

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.