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

Stantec (TSE:STN) (NYSE:STN) had its price target lifted by Scotiabank from C$144.00 to C$146.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research analysts have also commented on STN. National Bankshares lifted their target price on Stantec from C$144.00 to C$147.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC lifted their target price on Stantec from C$139.00 to C$141.00 in a research report on Thursday, April 17th. Desjardins raised their price target on Stantec from C$148.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada raised their price target on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$130.00 to C$140.00 in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$148.42.

Stantec Price Performance

Shares of STN opened at C$139.76 on Thursday. The firm has a market cap of C$15.93 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 1.46 and a beta of 0.82. The stock has a 50 day moving average of C$123.51 and a 200-day moving average of C$118.12. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. Stantec has a 52 week low of C$103.48 and a 52 week high of C$143.95.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, March 28th. This represents a $0.90 annualized dividend and a yield of 0.64%. This is an increase from Stantec’s previous quarterly dividend of $0.21. Stantec’s payout ratio is presently 28.03%.

Insider Buying and Selling at Stantec

In other Stantec news, Director Clayton Bock bought 1,250 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of C$139.51 per share, with a total value of C$174,392.88. 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.