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

Key Points

• Analyst consensus remains “Buy”: All 11 analysts covering Stantec rate the stock a buy, with an average 12-month price target of C$143, above its reported opening price of C$102.22.
• Several brokerages recently reduced their price targets, although they maintained positive ratings such as “buy” or “outperform.”
• Insiders increased their holdings: Directors Douglas Keith Ammerman and Clayton Bock recently purchased shares, while Stantec reported quarterly revenue of C$2.23 billion and EPS of C$1.61.

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN have been given a consensus rating of "Buy" by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$143.00.

STN has been the topic of a number of recent analyst reports. National Bank Financial dropped their price objective on shares of Stantec from C$143.00 to C$120.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Stifel Nicolaus decreased their price objective on shares of Stantec from C$160.00 to C$140.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce lowered their target price on shares of Stantec from C$160.00 to C$137.00 and set an "outperformer" rating for the company in a research note on Wednesday, July 8th. BMO Capital Markets dropped their target price on Stantec from C$175.00 to C$154.00 and set an "outperform" rating on the stock in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets lifted their price target on Stantec from C$130.00 to C$133.00 and gave the stock an "outperform" rating in a report on Friday.

Insider Activity at Stantec

In other Stantec news, Director Douglas Keith Ammerman purchased 681 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the completion of the acquisition, the director directly owned 42,512 shares of the company's stock, valued at C$4,159,374.08. This trade represents a 1.63% increase in their position. Also, Director Clayton Bock purchased 1,485 shares of the company's stock in a transaction on Friday, June 26th. The stock was bought at an average price of C$94.85 per share, for a total transaction 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 ownership of the stock. 0.27% of the stock is owned by insiders.

Stantec Price Performance

Shares of TSE STN opened at C$102.22 on Friday. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. The company has a market cap of C$11.66 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The stock's 50-day moving average is C$99.09 and its two-hundred day moving average is C$113.27. Stantec has a 1-year low of C$93.28 and a 1-year high of C$160.05.

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

Stantec Company Profile

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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