Stantec (TSE:STN) Hits New 12-Month High - Still a Buy?

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN hit a new 52-week high on Tuesday . The company traded as high as C$147.65 and last traded at C$147.65, with a volume of 1175 shares. The stock had previously closed at C$146.39.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. CIBC boosted their price target on Stantec from C$141.00 to C$156.00 in a research note on Thursday, May 22nd. 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 research note on Thursday, May 22nd. ATB Capital raised their price target on shares of Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Desjardins lifted their price target on shares of Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Raymond James Financial upgraded Stantec from a "market perform" rating to an "outperform" rating and raised their target price for the company from C$130.00 to C$140.00 in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Stantec presently has an average rating of "Buy" and a consensus price target of C$148.42.

Stantec Stock Up 0.0%

The company has a market cap of C$16.69 billion, a P/E ratio of 48.86, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The stock has a fifty day moving average price of C$134.48 and a two-hundred day moving average price of C$121.95.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a $0.225 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.90 annualized dividend and a dividend yield of 0.61%. Stantec's payout ratio is 28.03%.

Insiders Place Their Bets

In related news, Director Clayton Bock purchased 1,250 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of C$139.51 per share, for a total transaction of C$174,392.88. Insiders own 0.27% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.