Stantec (TSE:STN) Sets New 1-Year Low – Should You Sell?

Stantec Inc. (TSE:STN) (NYSE:STN) hit a new 52-week low during trading on Thursday . The stock traded as low as C$94.62 and last traded at C$94.94, with a volume of 16302 shares trading hands. The stock had previously closed at C$95.77.

Analyst Upgrades and Downgrades

A number of analysts recently commented on STN shares. BMO Capital Markets decreased their price objective on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Desjardins dropped their target price on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reduced their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada decreased their price target on Stantec from C$175.00 to C$155.00 in a research note on Friday, May 15th. Finally, Stifel Nicolaus lowered their price target on Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Stantec presently has an average rating of “Buy” and a consensus price target of C$146.00.

Stantec Price Performance

The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. The company has a 50-day moving average price of C$100.42 and a 200-day moving average price of C$117.43. The firm has a market capitalization of C$10.83 billion, a PE ratio of 22.14, a P/E/G ratio of 1.46 and a beta of 0.71.

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

Insider Transactions at Stantec

In other news, Director Clayton Bock purchased 1,485 shares of the stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of C$94.85 per share, for a total transaction of C$140,852.25. Following the completion of the acquisition, the director directly owned 4,895 shares in the company, valued at C$464,290.75. This represents a 43.55% increase in their position. Also, Director Douglas Keith Ammerman acquired 681 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the transaction, the director owned 42,512 shares of the company’s stock, valued at approximately C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock. 0.27% of the stock is currently owned by corporate insiders.

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.