Stantec (TSE:STN) Given New C$146.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Stantec’s price target to C$146 from C$148 but maintained an “outperform” rating, implying roughly 42% upside from the reported C$102.80 share price.
• Analyst sentiment remains positive: twelve analysts rate Stantec a Buy, with a consensus rating of “Buy” and an average target price of C$143, despite several recent target-price reductions.
• Stantec reported quarterly EPS of C$1.61 on C$2.23 billion in revenue, while directors Clayton Bock and Douglas Keith Ammerman purchased additional shares in June and July.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its target price lowered by analysts at Royal Bank Of Canada from C$148.00 to C$146.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 42.02% from the company's current price.

A number of other analysts have also issued reports on the company. Raymond James Financial decreased their price target on Stantec from C$180.00 to C$165.00 in a research note on Wednesday, April 29th. TD cut their price objective on shares of Stantec from C$158.00 to C$132.00 and set a "buy" rating on the stock in a report on Friday, May 15th. ATB Cormark Capital Markets raised shares of Stantec from a "hold" rating to a "moderate buy" rating and decreased their target price for the stock from C$157.00 to C$130.00 in a research report on Friday, May 15th. Desjardins lowered their target price on shares of Stantec from C$178.00 to C$171.00 and set a "buy" rating for the company in a report on Friday, May 15th. Finally, BMO Capital Markets dropped their price target on shares of Stantec from C$175.00 to C$154.00 and set an "outperform" rating for the company in a research report on Friday, May 15th. Twelve investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$143.00.

Stantec Trading Down 0.0%

Shares of Stantec stock traded down C$0.02 during trading hours on Friday, reaching C$102.80. 347,724 shares of the company's stock were exchanged, compared to its average volume of 455,213. Stantec has a 52-week low of C$93.28 and a 52-week high of C$160.05. The firm has a market capitalization of C$11.73 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The company has a fifty day moving average of C$99.11 and a 200-day moving average of C$113.34. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67.

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

Insider Activity

In other news, Director Clayton Bock acquired 1,485 shares of Stantec stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the purchase, the director directly owned 4,895 shares of the company's stock, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their position. Also, Director Douglas Keith Ammerman bought 681 shares of the firm's stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average price of C$97.84 per share, with a total value of C$66,629.04. Following the acquisition, the director directly owned 42,512 shares in the company, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their position. Insiders own 0.27% of the company's stock.

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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