Stantec Inc. (TSE:STN) Receives C$155.50 Average Price Target from Brokerages

Key Points

• Stantec Inc. has received a consensus recommendation of "Buy" from eleven analysts, with an average 1-year price target of C$155.50.
• The company recently announced a quarterly dividend of $0.225, equating to an annualized dividend yield of 0.6%.
• Several investment firms have raised their target prices for Stantec, with CIBC increasing its target from C$156.00 to C$168.00.

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have earned a consensus recommendation of "Buy" from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$155.50.

Several research firms have commented on STN. National Bankshares lifted their price target on shares of Stantec from C$162.00 to C$164.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. TD Securities lifted their price target on shares of Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. ATB Capital lifted their price target on shares of Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Raymond James Financial lifted their price target on shares of Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, Scotiabank lifted their price target on shares of Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd.

Stantec Price Performance

STN stock traded up C$0.96 during midday trading on Friday, reaching C$151.20. The company had a trading volume of 16,506 shares, compared to its average volume of 273,467. The company has a market capitalization of C$17.25 billion, a P/E ratio of 39.58, a P/E/G ratio of 1.46 and a beta of 0.98. Stantec has a 1 year low of C$103.48 and a 1 year high of C$155.02. The firm has a 50-day moving average price of C$150.23 and a 200-day moving average price of C$135.25. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 0.6%. Stantec's payout ratio is 22.77%.

Insider Activity

In other Stantec news, Director Susan Reisbord bought 2,785 shares of Stantec stock in a transaction dated Thursday, June 26th. The shares were purchased at an average cost of C$147.74 per share, with a total value of C$411,458.13. Company insiders own 0.27% of the company's stock.

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.