Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at National Bank Financial decreased their FY2018 EPS estimates for shares of Stantec in a research report issued to clients and investors on Thursday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $1.95 per share for the year, down from their previous forecast of $2.21. National Bank Financial also issued estimates for Stantec’s FY2019 earnings at $2.40 EPS.
STN has been the subject of several other reports. CIBC boosted their target price on Stantec from C$36.00 to C$37.00 in a research report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$40.00 target price on shares of Stantec in a research report on Monday, October 23rd. TD Securities boosted their target price on Stantec from C$36.00 to C$38.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. Scotiabank restated an “outperform” rating and issued a C$40.00 target price on shares of Stantec in a research note on Friday. Finally, Raymond James Financial, Inc. boosted their target price on Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$38.71.
Stantec (TSE:STN) opened at C$36.21 on Monday. Stantec has a 52 week low of C$30.24 and a 52 week high of C$37.13.
In other Stantec news, Director Donald James Lowry bought 3,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of C$33.50 per share, with a total value of C$100,500.00. Also, Director Paul Jeremy David Alpern sold 1,498 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of C$33.99, for a total transaction of C$50,917.02.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, December 28th. Stantec’s dividend payout ratio is 46.12%.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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