Stantec (TSE:STN) Price Target Raised to C$133.00 at ATB Cormark Capital Markets

Stantec (TSE:STN) (NYSE:STN) had its price objective hoisted by ATB Cormark Capital Markets from C$130.00 to C$133.00 in a report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. National Bank Financial reduced their price target on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Desjardins dropped their price objective on shares of 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. BMO Capital Markets cut their target price on shares of 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. Canadian Imperial Bank of Commerce reduced their target price on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. Finally, Scotiabank decreased their price target on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. Eleven 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 price target of C$143.00.

Stantec Price Performance

Stantec stock opened at C$102.22 on Friday. Stantec has a 52 week low of C$93.28 and a 52 week high of C$160.05. 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 firm’s 50-day simple moving average is C$99.09 and its 200 day simple moving average is C$113.27. The firm has a market capitalization of C$11.66 billion, a PE ratio of 23.83, a P/E/G ratio of 1.46 and a beta of 0.70.

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

Insider Activity

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

Stantec News Summary

Here are the key news stories impacting Stantec this week:

• Positive Sentiment: Brokerages assigned Stantec a consensus “Buy” rating, indicating generally positive expectations for the engineering and consulting company. Stantec Inc. Given Consensus Recommendation of Buy by Brokerages
• Positive Sentiment: Desjardins initiated coverage with a “Buy” rating and a C$169 price target, implying approximately 64.7% potential upside. BayStreet analyst ratings
• Positive Sentiment: ATB Cormark raised its price target to C$133 from C$130 and reiterated an “Outperform” rating, implying roughly 29.7% upside. BayStreet analyst ratings
• Positive Sentiment: Royal Bank of Canada kept an “Outperform” rating with a C$146 target, while Scotia maintained “Sector Outperform” with a C$129 target. Both targets remain materially above the reference price. BayStreet analyst ratings

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.