Stantec (TSE:STN) Hits New 12-Month Low – What’s Next?

Stantec Inc. (TSE:STN) (NYSE:STN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$99.11 and last traded at C$100.75, with a volume of 240899 shares traded. The stock had previously closed at C$99.62.

Analyst Ratings Changes

STN has been the topic of a number of recent analyst reports. TD Securities cut their target price on Stantec from C$183.00 to C$158.00 in a research report on Tuesday, February 24th. Desjardins dropped their price target on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating and dropped their price target for the company from C$157.00 to C$130.00 in a research report on Friday, May 15th. BMO Capital Markets dropped their price target on Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, National Bank Financial dropped their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$150.54.

Stantec Stock Up 1.2%

The stock has a market capitalization of C$11.50 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. The firm has a 50-day moving average of C$113.41 and a two-hundred day moving average of C$123.80.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share 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.