Stantec (TSE:STN) Given New C$158.00 Price Target at Desjardins

Key Points

• Desjardins has increased its price target for Stantec (TSE:STN) from C$153.00 to C$158.00, maintaining a "buy" rating and indicating a potential upside of 7.86%.
• Other analysts, including TD Securities and CIBC, have also raised their price targets for Stantec, with estimates ranging from C$145.00 to C$168.00.
• Insider activity includes recent purchases by directors, indicating confidence in the company's stock; insiders own 0.27% of the company's shares.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price hoisted by investment analysts at Desjardins from C$153.00 to C$158.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 7.37% from the company's current price. Desjardins also issued estimates for Stantec's FY2025 earnings at $5.27 EPS and FY2027 earnings at $6.45 EPS.

Several other brokerages also recently issued reports on STN. Scotiabank increased their price objective on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. CIBC upped their target price on Stantec from C$156.00 to C$168.00 in a research report on Friday, July 18th. Stifel Nicolaus upped their target price on Stantec from C$156.00 to C$165.00 in a research report on Wednesday, July 16th. Canaccord Genuity Group upped their target price on Stantec from C$150.00 to C$165.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their target price on Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$155.50.

Stantec Stock Down 1.2%

Stantec stock traded down C$1.78 during mid-day trading on Friday, hitting C$147.16. The company's stock had a trading volume of 431,530 shares, compared to its average volume of 274,666. The firm's 50 day moving average is C$149.33 and its 200 day moving average is C$132.45. The company has a market cap of C$16.78 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. Stantec has a 52-week low of C$103.48 and a 52-week high of C$155.02.

Insider Transactions at Stantec

In related news, Director Susan Reisbord acquired 2,785 shares of the stock in a transaction dated Thursday, June 26th. The shares were acquired at an average price of C$147.74 per share, with a total value of C$411,458.13. Also, Director Clayton Bock acquired 1,250 shares of the stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. Corporate insiders own 0.27% of the company's stock.

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.