Stantec (TSE:STN) Price Target Lowered to C$160.00 at Canadian Imperial Bank of Commerce

Stantec (TSE:STN) (NYSE:STN) had its price target reduced by equities researchers at Canadian Imperial Bank of Commerce from C$173.00 to C$160.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would suggest a potential upside of 50.47% from the stock’s previous close.

STN has been the topic of a number of other reports. Scotiabank decreased their price objective on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Scotia decreased their price objective on Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Friday. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating and decreased their price objective for the company from C$157.00 to C$130.00 in a report on Friday. Desjardins decreased their price objective on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank Of Canada decreased their price objective on Stantec from C$175.00 to C$155.00 in a report on Friday. Thirteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$150.54.

Stantec Stock Performance

STN stock traded down C$0.06 during trading on Tuesday, reaching C$106.33. 393,872 shares of the stock were exchanged, compared to its average volume of 401,924. Stantec has a twelve month low of C$99.67 and a twelve month high of C$160.05. The company has a market capitalization of C$12.13 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The stock has a 50 day simple moving average of C$120.59 and a 200-day simple moving average of C$129.84. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The company had revenue of C$2.07 billion for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.