ATB Capital Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by ATB Capital from C$125.00 to C$135.00 in a report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other brokerages also recently issued reports on STN. Raymond James increased their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Desjardins boosted their price target on Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities boosted their target price on shares of Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group increased their price target on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$140.33.

Stantec Stock Up 6.8 %

STN opened at C$128.12 on Wednesday. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The stock has a fifty day moving average of C$112.05 and a 200-day moving average of C$113.28. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$129.39. The company has a market capitalization of C$14.61 billion, a P/E ratio of 42.75, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, December 31st. Stantec’s payout ratio is 28.03%.

Insider Activity

In other Stantec news, Director Vito Culmone bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by insiders.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.