Stantec (TSE:STN) Price Target Raised to C$138.00

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by Canaccord Genuity Group from C$135.00 to C$138.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada lifted 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 report on Wednesday. BMO Capital Markets increased their price objective on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. CIBC lifted their target price on Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Raymond James increased their price target on shares of 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. Finally, TD Securities increased their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and a consensus price target of C$140.33.

Stantec Trading Up 6.8 %

Stantec stock opened at C$128.12 on Wednesday. The firm has a market cap of C$14.61 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 1 year low of C$103.48 and a 1 year high of C$129.39. The firm’s 50 day moving average price is C$112.05 and its two-hundred day moving average price is C$113.28. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Dividend Announcement

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

Insider Activity

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by company insiders.

About Stantec

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.