Brokerages Set Stantec Inc. (TSE:STN) Price Target at C$146.00

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$146.00.

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lowered their target price on shares of Stantec from C$175.00 to C$155.00 in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce decreased their price target on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a report on Wednesday, July 8th. National Bank Financial decreased their price target on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Desjardins lowered their price objective on Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Raymond James Financial dropped their price objective on Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th.

Stantec Stock Up 4.7%

Shares of TSE STN opened at C$99.62 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67. The business’s 50 day moving average is C$99.94 and its two-hundred day moving average is C$116.62. Stantec has a 52-week low of C$93.28 and a 52-week high of C$160.05. The firm has a market cap of C$11.36 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.46 and a beta of 0.71.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, May 13th. The company reported C$1.33 EPS for the quarter. The company 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 Activity

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