Stantec Inc. (TSE:STN) Receives C$140.50 Consensus Price Target from Brokerages

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has received an average rating of "Buy" from the eleven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$140.50.

A number of research analysts have weighed in on STN shares. Scotiabank raised their price target on Stantec from C$129.00 to C$141.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. TD Securities boosted their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on Stantec from C$135.00 to C$138.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Royal Bank of Canada increased their target price on shares of Stantec from C$128.00 to C$138.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus reduced their price target on Stantec from C$150.00 to C$143.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th.

Stantec Stock Down 0.4 %

TSE STN traded down C$0.47 during trading on Friday, hitting C$120.53. The stock had a trading volume of 115,841 shares, compared to its average volume of 262,633. Stantec has a 12 month low of C$103.48 and a 12 month high of C$129.39. The company's 50-day moving average price is C$118.84 and its two-hundred day moving average price is C$115.98. The company has a market capitalization of C$13.74 billion, a PE ratio of 40.22, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a $0.225 dividend. The ex-dividend date was Friday, March 28th. This is a boost from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 0.75%. Stantec's payout ratio is 28.03%.

About Stantec

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.