Stantec Inc. (TSE:STN) Receives C$129.50 Average Price Target from Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$129.50.

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Scotiabank upgraded Stantec to a “strong-buy” rating in a research report on Friday, October 25th. CIBC increased their target price on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. BMO Capital Markets boosted their price target on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Finally, Stifel Nicolaus increased their price objective on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th.

Stantec Stock Performance

TSE STN opened at C$113.70 on Monday. The firm has a 50-day moving average price of C$116.76 and a two-hundred day moving average price of C$114.27. Stantec has a 12-month low of C$103.48 and a 12-month high of C$123.92. The company has a market capitalization of C$12.97 billion, a P/E ratio of 37.40, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.74%. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Buying and Selling

In other Stantec news, Director Vito Culmone bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. 0.27% of the stock is currently owned by corporate insiders.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.