TD Lowers Stantec (TSE:STN) Price Target to C$132.00

Stantec (TSE:STN) (NYSE:STN) had its price objective dropped by analysts at TD from C$158.00 to C$132.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target points to a potential upside of 25.36% from the company’s current price.

A number of other research firms also recently weighed in on STN. Raymond James Financial reduced their target price on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Scotiabank dropped their price target on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. TD Securities dropped their price target on shares of Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Desjardins upped their price target on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Stifel Nicolaus dropped their price target on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$151.69.

Stantec Trading Up 5.4%

Stantec stock traded up C$5.39 during mid-day trading on Friday, reaching C$105.30. 362,013 shares of the company traded hands, compared to its average volume of 398,363. 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 firm’s 50 day moving average price is C$121.36 and its 200 day moving average price is C$130.56. The firm has a market capitalization of C$12.01 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.46 and a beta of 0.76. Stantec has a 52-week low of C$99.67 and a 52-week high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last released its 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 net margin of 6.47% and a return on equity of 15.28%.

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.