Stantec Inc. (TSE:STN) Stock Rated “Buy” by Wall Street Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average recommendation of “Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is C$143.00.

Several analysts recently issued reports on STN shares. ATB Cormark Capital Markets boosted their target price 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, August 14th. Canadian Imperial Bank of Commerce dropped their price objective on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. Desjardins set a C$169.00 target price on shares of Stantec and gave the company a “buy” rating in a research note on Friday, August 14th. Scotiabank reduced their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 10th. Finally, Royal Bank Of Canada decreased their target price on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th.

Stantec Price Performance

STN opened at C$95.27 on Friday. Stantec has a 52-week low of C$93.15 and a 52-week high of C$160.05. The company has a debt-to-equity ratio of 80.98, a quick ratio of 1.46 and a current ratio of 1.50. The company’s 50-day simple moving average is C$99.85 and its two-hundred day simple moving average is C$105.40. The stock has a market capitalization of C$10.71 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.46 and a beta of 0.78.

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 net margin of 6.23% and a return on equity of 15.26%. The business had revenue of C$2.23 billion during the quarter.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be issued a dividend of $0.2450 per share. This represents a $0.98 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 29th. Stantec’s dividend payout ratio is presently 21.22%.

Insider Activity at Stantec

In other Stantec news, Director Susan Reisbord purchased 2,068 shares of Stantec stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of C$102.59 per share, for a total transaction of C$212,156.12. Following the completion of the acquisition, the director owned 8,253 shares in the company, valued at C$846,675.27. This represents a 33.44% increase in their position. Also, Director Shelley Ann Marie Brown bought 393 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were acquired at an average price of C$95.91 per share, with a total value of C$37,692.63. Following the completion of the transaction, the director owned 6,277 shares of the company’s stock, valued at approximately C$602,027.07. The trade was a 6.68% 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.