Stantec (TSE:STN) Given New C$146.00 Price Target at Royal Bank Of Canada

Stantec (TSE:STN) (NYSE:STN) had its price objective dropped by investment analysts at Royal Bank Of Canada from C$148.00 to C$146.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 42.02% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Desjardins dropped their price objective on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. 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 report on Friday, May 15th. Stifel Nicolaus lowered their price objective on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. BMO Capital Markets decreased their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Raymond James Financial dropped their target price on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec presently has a consensus rating of “Buy” and a consensus target price of C$143.00.

Stantec Stock Down 0.0%

Shares of TSE STN traded down C$0.02 on Friday, hitting C$102.80. The company had a trading volume of 347,724 shares, compared to its average volume of 455,213. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. Stantec has a 12-month low of C$93.28 and a 12-month high of C$160.05. The firm has a market capitalization of C$11.73 billion, a P/E ratio of 23.96, a PEG ratio of 1.46 and a beta of 0.70. The business has a 50 day moving average of C$99.11 and a two-hundred day moving average of C$113.34.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. The business had revenue of C$2.23 billion for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

Insider Activity at Stantec

In related news, Director Douglas Keith Ammerman purchased 681 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were acquired at an average price of C$97.84 per share, with a total value of C$66,629.04. Following the acquisition, the director owned 42,512 shares in the company, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their position. Also, Director Clayton Bock acquired 1,485 shares of Stantec stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the transaction, the director directly owned 4,895 shares in the company, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

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.