National Bank Financial Issues Pessimistic Forecast for Stantec (TSE:STN) Stock Price

Key Points

• National Bank Financial cut its price objective on Stantec to C$143 (from C$163) while keeping an "outperform" rating, with the new target implying about an 18.07% upside from the prior close.
• Analysts are mixed—several firms trimmed targets while others raised them—leaving a consensus rating of "Moderate Buy" with a consensus target of C$159.90 (nine Buy ratings, one Hold).
• Stantec is trading around C$121.11 (52-week range C$111.98–C$160.05) with a market cap of C$13.81B; recent quarter results showed C$0.82 EPS on C$2.12B revenue.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective dropped by stock analysts at National Bank Financial from C$163.00 to C$143.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 18.07% from the stock's previous close.

A number of other brokerages have also weighed in on STN. Stifel Nicolaus lowered their price objective on Stantec from C$172.00 to C$154.00 and set a "buy" rating on the stock in a report on Friday, February 27th. TD Securities decreased their price target on Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Desjardins boosted their price target on Stantec from C$173.00 to C$178.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Royal Bank Of Canada boosted their price target on Stantec from C$168.00 to C$175.00 in a research note on Friday, February 27th. Finally, Scotiabank decreased their price target on Stantec from C$162.00 to C$146.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$159.90.

Stantec Stock Performance

STN traded up C$1.37 during trading on Wednesday, reaching C$121.11. The company's stock had a trading volume of 218,353 shares, compared to its average volume of 393,159. Stantec has a 52-week low of C$111.98 and a 52-week high of C$160.05. The company's fifty day moving average price is C$125.35 and its 200-day moving average price is C$136.35. The company has a market capitalization of C$13.81 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73. The company has a debt-to-equity ratio of 96.66, a quick ratio of 1.46 and a current ratio of 1.23.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.82 earnings per share for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The company had revenue of C$2.12 billion for 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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