Stantec Inc. (TSE:STN) Given Average Rating of "Buy" by Brokerages

Key Points

• Stantec Inc. has received an average rating of "Buy" from eleven ratings firms, with one hold rating, nine buy ratings, and one strong buy rating.
• The average price target set by analysts for Stantec is C$157.25, with recent upgrades from firms like CIBC and Stifel Nicolaus raising their price objectives significantly.
• The company announced a quarterly dividend of $0.225, representing a 0.6% dividend yield and a payout ratio of 22.77%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has been given an average rating of "Buy" by the eleven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$157.25.

STN has been the topic of several research analyst reports. CIBC upped their price objective on Stantec from C$156.00 to C$168.00 in a research report on Friday, July 18th. Desjardins upped their price objective on Stantec from C$153.00 to C$158.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Stifel Nicolaus upped their price objective on Stantec from C$160.00 to C$175.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Raymond James Financial upped their target price on Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Finally, Royal Bank Of Canada upped their target price on Stantec from C$150.00 to C$153.00 and gave the stock an "outperform" rating in a report on Friday, August 15th.

Stantec Stock Performance

Shares of Stantec stock opened at C$154.08 on Friday. The stock's fifty day moving average is C$151.33 and its two-hundred day moving average is C$143.05. The company has a market capitalization of C$17.58 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. Stantec has a 52 week low of C$107.23 and a 52 week high of C$159.99.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 29th. Stantec's dividend payout ratio is currently 22.77%.

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.

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