Stantec (TSE:STN) Price Target Raised to C$164.00 at National Bankshares

Key Points

• National Bankshares raised Stantec's price target from C$162.00 to C$164.00, indicating a potential upside of 11.96% from the stock's previous close.
• Several analysts have increased their price targets for Stantec, with Raymond James adjusting their target to C$160.00 and CIBC to C$168.00, while maintaining an "outperform" rating.
• Stantec's shares recently traded at C$146.48, with a market capitalization of C$16.70 billion and a P/E ratio of 48.88.

Stantec (TSE:STN - Free Report) NYSE: STN had its target price lifted by National Bankshares from C$162.00 to C$164.00 in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently commented on the company. Raymond James Financial increased their price target on Stantec from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Desjardins increased their price target 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. Scotiabank increased their price target on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada upped their price objective on Stantec from C$150.00 to C$153.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Finally, TD Securities upped their price objective on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$155.50.

Stantec Stock Down 1.2%

TSE STN traded down C$1.78 during trading hours on Friday, hitting C$147.16. 431,530 shares of the company traded hands, compared to its average volume of 274,666. The business's 50-day moving average is C$149.33 and its 200-day moving average is C$132.45. Stantec has a twelve month low of C$103.48 and a twelve month high of C$155.02. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The stock has a market capitalization of C$16.78 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 1.46 and a beta of 0.82.

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 $0.225 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.90 annualized dividend and a yield of 0.6%. Stantec's dividend payout ratio is currently 28.03%.

Insider Buying and Selling

In other news, Director Clayton Bock bought 1,250 shares of the stock in a transaction dated Thursday, May 22nd. The shares were bought 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 the stock in a transaction dated Thursday, June 26th. The shares were purchased at an average price of C$147.74 per share, for a total transaction of C$411,458.13. 0.27% of the stock is currently owned by company insiders.

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.