Stantec Inc. (TSE:STN) Stock Has Consensus Price Target of C$143.00 According to Analysts

Key Points

• Analyst consensus is bullish: All 11 analysts covering Stantec rate the stock a “Buy,” with an average 12-month price target of C$143.00 versus a recent opening price of C$96.25.
• Stantec reported quarterly revenue of C$2.23 billion and EPS of C$1.61, while maintaining a 1.0% dividend yield through a quarterly dividend of $0.245 per share.
• Two directors recently purchased company shares, increasing their individual holdings; insiders collectively own 0.27% of Stantec’s stock.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has been assigned a consensus rating of "Buy" from the eleven analysts that are presently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is C$143.00.

STN has been the subject of a number of analyst reports. Scotia dropped their price objective 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. Scotiabank cut their price objective on Stantec from C$138.00 to C$133.00 and set a "sector outperform" rating for the company in a research report on Friday, July 10th. National Bank Financial reduced their price objective on shares of Stantec from C$143.00 to C$120.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. ATB Cormark Capital Markets upped 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. Finally, Royal Bank Of Canada dropped their price target on shares of Stantec from C$148.00 to C$146.00 and set an "outperform" rating for the company in a research report on Friday, August 14th.

Stantec Stock Performance

TSE:STN opened at C$96.25 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98. The company's 50-day moving average price is C$100.24 and its 200-day moving average price is C$106.31. Stantec has a twelve month low of C$93.28 and a twelve month high of C$160.05. The company has a market cap of C$10.82 billion, a P/E ratio of 21.73, 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 results on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.The business had revenue of C$2.23 billion during the quarter.

Stantec Announces Dividend

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

Insider Activity at Stantec

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.