Stantec Inc. (TSE:STN) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Stantec has a consensus “Buy” rating from 11 analysts, with an average 1-year price target of C$143—about 42% above its C$100.55 opening price.
• Analyst targets have been mixed, with several firms lowering their estimates while maintaining positive ratings; targets range from C$120 to C$169.
• Insiders purchased 4,234 shares worth approximately C$419,637 over the past three months. Stantec recently reported quarterly revenue of C$2.23 billion and EPS of C$1.61.

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have received a consensus rating of "Buy" from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$143.00.

A number of research analysts have weighed in on the stock. TD cut their target price on shares of Stantec from C$158.00 to C$132.00 and set a "buy" rating for the company in a research report on Friday, May 15th. Desjardins set a C$169.00 price target on Stantec and gave the company a "buy" rating in a research report on Friday, August 14th. National Bank Financial dropped their price objective on Stantec from C$143.00 to C$120.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. ATB Cormark Capital Markets boosted their price objective on Stantec from C$130.00 to C$133.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Finally, Scotiabank decreased their target price on Stantec from C$138.00 to C$133.00 and set a "sector outperform" rating for the company in a research note on Friday, July 10th.

Insider Transactions at Stantec

In other Stantec news, Director Susan Reisbord purchased 2,068 shares of the business's stock in a transaction dated Monday, August 24th. The stock was bought 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 directly owned 8,253 shares in the company, valued at C$846,675.27. This represents a 33.44% increase in their ownership of the stock. Also, Director Douglas Keith Ammerman acquired 681 shares of Stantec stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the completion of the transaction, the director directly owned 42,512 shares of the company's stock, valued at C$4,159,374.08. This trade represents a 1.63% increase in their position. Insiders acquired a total of 4,234 shares of company stock worth $419,637 over the last three months. 0.27% of the stock is currently owned by insiders.

Stantec Trading Down 1.2%

TSE:STN opened at C$100.55 on Wednesday. The company's 50 day moving average is C$100.22 and its 200-day moving average is C$109.57. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. Stantec has a 12 month low of C$93.28 and a 12 month high of C$160.05. The firm has a market cap of C$11.30 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 1.46 and a beta of 0.73.

Stantec (TSE:STN - Get Free Report) NYSE: STN last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share (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 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.

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