Stantec (TSE:STN) Given New C$173.00 Price Target at Desjardins

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by Desjardins from C$160.00 to C$173.00 in a research note published on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial upped their price target on Stantec from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. CIBC upped their target price on shares of Stantec from C$168.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. TD Securities raised their price target on shares of Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a research report on Monday, October 27th. National Bankshares boosted their price target on shares of Stantec from C$162.00 to C$164.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Stifel Nicolaus increased their price objective on shares of Stantec from C$160.00 to C$175.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$166.90.

Stantec Stock Down 1.7%

Shares of TSE STN opened at C$128.85 on Friday. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The company has a 50-day moving average price of C$146.14 and a 200-day moving average price of C$148.10. The stock has a market capitalization of C$14.70 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.46 and a beta of 0.80. Stantec has a 1 year low of C$107.23 and a 1 year high of C$160.05.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$1.53 earnings per share for the quarter. The business had revenue of C$2.14 billion for the quarter. Stantec had a net margin of 4.78% and a return on equity of 12.08%.

Stantec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 29th. Stantec’s dividend payout ratio is currently 20.87%.

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.