Stantec Inc. (TSE:STN) Receives Consensus Rating of “Buy” from Analysts

Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average rating of “Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$143.00.

A number of equities analysts have weighed in on STN shares. 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. ATB Cormark Capital Markets boosted their target price on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. 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 for the company in a research note on Friday, August 14th. Scotia lowered their price target on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating for the company in a report on Friday, August 14th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th.

Insider Transactions at Stantec

In other Stantec news, Director Douglas Keith Ammerman bought 681 shares of the business’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 trade represents a 1.63% increase in their position. Also, Director Susan Reisbord purchased 2,068 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of C$102.59 per share, with a total value of C$212,156.12. Following the transaction, the director directly owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. This represents a 33.44% increase in their position. Over the last ninety days, insiders have acquired 4,234 shares of company stock valued at $419,637. 0.27% of the stock is currently owned by insiders.

Stantec Stock Performance

Shares of TSE:STN opened at C$96.64 on Wednesday. The business has a 50-day moving average of C$100.10 and a two-hundred day moving average of C$109.03. The firm has a market capitalization of C$10.86 billion, a PE ratio of 21.81, a P/E/G ratio of 1.46 and a beta of 0.73. Stantec has a 12 month low of C$93.28 and a 12 month high of C$160.05. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.The company had revenue of C$2.23 billion for the quarter.

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.