Stantec (TSE:STN) Given a C$169.00 Price Target by Desjardins Analysts

Stantec (TSE:STN) (NYSE:STN) has been assigned a C$169.00 price objective by analysts at Desjardins in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 64.40% from the company’s previous close.

A number of other analysts also recently issued reports on the company. BMO Capital Markets reduced their price objective on Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. National Bank Financial cut their target price on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Scotiabank reduced their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 10th. Royal Bank Of Canada decreased their price target on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, ATB Cormark Capital Markets increased their price objective on shares of Stantec from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$143.00.

Stantec Price Performance

Shares of Stantec stock traded down C$0.02 during trading on Friday, reaching C$102.80. 347,724 shares of the stock traded hands, compared to its average volume of 455,213. Stantec has a 52-week low of C$93.28 and a 52-week high of C$160.05. 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 business has a fifty day simple moving average of C$99.11 and a two-hundred day simple moving average of C$113.34. The company has a market capitalization of C$11.73 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 1.46 and a beta of 0.70.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The company had revenue of C$2.23 billion for the quarter.

Insider Buying and Selling

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

Stantec Company Profile

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.