CIBC Issues Positive Forecast for Stantec (TSE:STN) Stock Price

Stantec (TSE:STN) (NYSE:STN) had its target price raised by CIBC from C$141.00 to C$156.00 in a research report report published on Thursday morning,BayStreet.CA reports.

STN has been the topic of a number of other reports. Royal Bank of Canada lifted their price objective on shares of Stantec from C$138.00 to C$150.00 and gave the company an “outperform” rating in a report on Thursday. ATB Capital lifted their price objective on shares of Stantec from C$140.00 to C$145.00 and gave the company a “sector perform” rating in a report on Thursday. Scotiabank lifted their price objective on shares of Stantec from C$144.00 to C$146.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Stantec from C$143.00 to C$156.00 and gave the company a “buy” rating in a report on Thursday. Finally, Desjardins lifted their price objective on shares of Stantec from C$148.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Stantec has a consensus rating of “Buy” and an average target price of C$148.42.

Stantec Stock Performance

Shares of STN stock opened at C$139.76 on Thursday. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The company has a market capitalization of C$15.93 billion, a P/E ratio of 46.64, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company’s 50 day moving average price is C$123.51 and its two-hundred day moving average price is C$118.12. Stantec has a 52 week low of C$103.48 and a 52 week high of C$143.95.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 0.64%. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

Insider Activity at Stantec

In other news, Director Clayton Bock bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of C$139.51 per share, with a total value of C$174,392.88. 0.27% of the stock is owned by company insiders.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.