Brokerages Set Stantec Inc. (TSE:STN) PT at C$140.50

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned an average rating of “Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$148.42.

STN has been the topic of several recent analyst reports. CIBC lifted their target price on Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. Stifel Nicolaus raised their price target on Stantec from C$143.00 to C$156.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. Desjardins upped their price objective on Stantec from C$148.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, Royal Bank of Canada raised their target price on shares of Stantec from C$138.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd.

Stantec Stock Up 1.2%

Shares of STN opened at C$141.46 on Thursday. The business’s 50 day moving average is C$124.38 and its 200 day moving average is C$118.49. The company has a market capitalization of C$16.13 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec has a 12-month low of C$103.48 and a 12-month high of C$143.95. 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 Increases Dividend

The company also recently disclosed 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. This represents a $0.90 annualized dividend and a yield of 0.64%. This is a positive change from Stantec’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 28th. Stantec’s payout ratio is presently 28.03%.

Insiders Place Their Bets

In other news, Director Clayton Bock acquired 1,250 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of C$139.51 per share, with a total value of C$174,392.88. 0.27% of the stock is 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.