Stantec (TSE:STN) Director Susan Reisbord Acquires 2,068 Shares of Stock

Key Points

• Director Susan Reisbord bought 2,068 Stantec shares at an average price of C$102.59, investing C$212,156.12 and increasing her direct ownership by 33.44% to 8,253 shares.
• Stantec recently reported quarterly revenue of C$2.23 billion and EPS of C$1.61, with a 6.23% net margin and 15.26% return on equity. The stock traded near C$102, below its 200-day moving average of C$111.67.
• Analysts remain broadly positive, with 11 Buy ratings and a consensus target price of C$143, despite several brokerages lowering their individual price targets.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN Director Susan Reisbord acquired 2,068 shares of Stantec stock in a transaction on Monday, August 24th. The stock was purchased at an average price 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 in the company, valued at approximately C$846,675.27. This trade represents a 33.44% increase in their position.

Stantec Stock Performance

STN traded down C$0.69 during trading on Tuesday, reaching C$102.04. 320,356 shares of the company's stock were exchanged, compared to its average volume of 454,868. The company has a quick ratio of 1.46, a current ratio of 1.50 and a debt-to-equity ratio of 80.98. The business has a 50 day moving average price of C$99.29 and a 200 day moving average price of C$111.67. Stantec Inc. has a fifty-two week low of C$93.28 and a fifty-two week high of C$160.05. The company has a market capitalization of C$11.64 billion, a P/E ratio of 23.03, a PEG ratio of 1.46 and a beta of 0.70.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STN. BMO Capital Markets dropped their price objective on Stantec from C$175.00 to C$154.00 and set an "outperform" rating on the stock in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce reduced their target price on Stantec from C$160.00 to C$137.00 and set an "outperformer" rating for the company in a research note on Wednesday, July 8th. National Bank Financial cut their target price on shares of Stantec from C$143.00 to C$120.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Scotia reduced their price target on Stantec from C$133.00 to C$129.00 and set a "sector outperform" rating for the company in a research note on Friday, August 14th. Finally, Raymond James Financial decreased their target price on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat.com, Stantec currently has an average rating of "Buy" and a consensus target price of C$143.00.

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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