Stantec Inc. (TSE:STN) Stock Has Average Target Price of C$143.00

Key Points

• Analyst sentiment is positive: All 10 covering analysts rate Stantec “Buy,” with an average 12-month price target of C$143.00 versus a share price of C$100.59.
• Stantec reported quarterly EPS of C$1.61 on C$2.23 billion in revenue, alongside a 15.26% return on equity and 6.23% net margin.
• The company pays a quarterly dividend of $0.245 per share, yielding approximately 1.0%; two directors also recently purchased shares, increasing their holdings.

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have received an average rating of "Buy" from the ten ratings firms that are covering the company, MarketBeat reports. Ten research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$143.00.

A number of research analysts have recently commented on the company. ATB Cormark Capital Markets increased their price objective on Stantec from C$130.00 to C$133.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Royal Bank Of Canada decreased their target price on 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. Scotia decreased their target price on shares of Stantec from C$133.00 to C$129.00 and set a "sector outperform" rating on the stock in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce decreased their price objective 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. Finally, National Bank Financial reduced their price objective on Stantec from C$143.00 to C$120.00 and set an "outperform" rating on the stock in a report on Monday, July 13th.

Stantec Price Performance

Shares of STN opened at C$100.59 on Thursday. Stantec has a fifty-two week low of C$93.15 and a fifty-two week 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. The company has a market capitalization of C$11.47 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 1.46 and a beta of 0.78. The business's 50-day moving average is C$98.77 and its 200-day moving average is C$110.87.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. The business had revenue of C$2.23 billion during the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were given a dividend of $0.2450 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 29th. Stantec's dividend payout ratio (DPR) is currently 21.22%.

Insider Activity at Stantec

In other Stantec news, Director Shelley Ann Marie Brown bought 393 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average cost of C$95.91 per share, with a total value of C$37,692.63. Following the purchase, the director owned 6,277 shares in the company, valued at C$602,027.07. This trade represents a 6.68% increase in their ownership of the stock. Also, Director Susan Reisbord bought 2,068 shares of the stock in a transaction on Monday, August 24th. The shares were purchased at an average price of C$102.59 per share, with a total value of C$212,156.12. Following the acquisition, the director owned 8,253 shares in the company, valued at approximately C$846,675.27. This represents a 33.44% increase in their position. 0.27% of the stock is currently owned by insiders.

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.

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