Scotia Has Lowered Expectations for Stantec (TSE:STN) Stock Price

Key Points

• Scotia lowered Stantec’s price target from C$133 to C$129 while maintaining a “sector outperform” rating, implying approximately 25.5% upside from the stock’s C$102.80 price.
• Several analysts also reduced their targets, but sentiment remains positive: all 12 tracked analysts rate Stantec a Buy, with a consensus price target of C$143.
• Stantec reported quarterly EPS of C$1.61 and revenue of C$2.23 billion, alongside a 6.19% net margin and 15.21% return on equity. Two directors recently purchased shares, increasing their holdings.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective reduced by Scotia from C$133.00 to C$129.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a "sector outperform" rating on the stock. Scotia's price objective indicates a potential upside of 25.49% from the company's current price.

Other equities analysts have also issued reports about the company. Stifel Nicolaus dropped their price target on Stantec from C$160.00 to C$140.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. BMO Capital Markets reduced 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. Raymond James Financial decreased their price objective on Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Royal Bank Of Canada lowered their target price on Stantec from C$175.00 to C$155.00 in a research report on Friday, May 15th. Finally, Desjardins cut their target price on shares of Stantec from C$178.00 to C$171.00 and set a "buy" rating for the company in a report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$143.00.

Stantec Price Performance

STN traded down C$0.02 during trading on Friday, hitting C$102.80. 347,724 shares of the company traded hands, compared to its average volume of 455,213. The company has a market cap of C$11.73 billion, a PE ratio of 23.96, a P/E/G ratio of 1.46 and a beta of 0.70. The stock's 50-day simple moving average is C$99.11 and its two-hundred day simple moving average is C$113.34. Stantec has a 1 year low of C$93.28 and a 1 year high of C$160.05. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67.

Stantec (TSE:STN - Get Free Report) NYSE: STN last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%. The business had revenue of C$2.23 billion for the quarter.

Insider Transactions at Stantec

In related news, Director Clayton Bock acquired 1,485 shares of Stantec stock in a transaction on Friday, June 26th. The shares were bought at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the purchase, the director directly owned 4,895 shares of the company's stock, valued at C$464,290.75. The trade was a 43.55% increase in their position. Also, Director Douglas Keith Ammerman acquired 681 shares of the firm's stock in a transaction on Thursday, July 2nd. The shares were bought at an average price of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the transaction, the director owned 42,512 shares of the company's stock, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. 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.

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