Stantec Inc. (TSE:STN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Stantec Inc. (TSE:STN) has received a consensus rating of "Buy" from eleven brokerage firms, with an average 12-month price target of C$151.42.
• Recent reports have noted price target increases from several brokerages, with CIBC setting a target of C$168.00, reflecting bullish sentiment for the company's stock.
• The company declared a quarterly dividend of $0.225 per share, representing an annualized yield of 0.6% and a payout ratio of 28.03%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN has been given a consensus recommendation of "Buy" by the eleven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$151.42.

Several research firms have issued reports on STN. National Bankshares lifted their target price on Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Desjardins lifted their price objective on shares of Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada increased their target price on shares of Stantec from C$138.00 to C$150.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. TD Securities raised their target price on shares of Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group upped their price target on Stantec from C$150.00 to C$165.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th.

Insider Buying and Selling at Stantec

In other Stantec news, Director Clayton Bock acquired 1,250 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of C$139.51 per share, for a total transaction of C$174,392.88. Also, Director Susan Reisbord bought 2,785 shares of Stantec stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average cost of C$147.74 per share, with a total value of C$411,458.13. 0.27% of the stock is owned by corporate insiders.

Stantec Stock Up 0.4%

STN stock traded up C$0.67 during trading on Tuesday, hitting C$150.15. 59,520 shares of the company's stock traded hands, compared to its average volume of 268,422. The firm has a market capitalization of C$17.12 billion, a P/E ratio of 50.11, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 1 year low of C$103.48 and a 1 year high of C$155.02. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The business has a fifty day simple moving average of C$148.54 and a two-hundred day simple moving average of C$130.32.

Stantec Announces Dividend

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