Stantec (TSE:STN) Reaches New 1-Year High Following Analyst Upgrade

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's share price reached a new 52-week high during mid-day trading on Friday after CIBC raised their price target on the stock from C$156.00 to C$168.00. The stock traded as high as C$153.64 and last traded at C$153.57, with a volume of 71062 shares. The stock had previously closed at C$152.69.

Several other brokerages also recently issued reports on STN. ATB Capital increased their price target on Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. TD Securities increased their price objective on Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada upped their price target on Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Scotiabank lifted their price objective on shares of Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group increased their target price on shares of Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$150.17.

Insider Transactions at Stantec

In related news, Director Clayton Bock purchased 1,250 shares of Stantec stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost 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 firm's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of C$147.74 per share, for a total transaction of C$411,458.13. Corporate insiders own 0.27% of the company's stock.

Stantec Price Performance

The business has a 50 day simple moving average of C$145.23 and a 200-day simple moving average of C$126.49. The firm has a market cap of C$17.53 billion, a price-to-earnings ratio of 51.30, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42.

Stantec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a dividend of $0.225 per share. The ex-dividend date was Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.59%. Stantec's payout ratio is 28.03%.

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.