Stantec (TSE:STN) Hits New 52-Week High - What's Next?

Key Points

• Stantec Inc. reached a new 52-week high of C$155.02, closing at C$153.13 with a trading volume of 27,166 shares.
• Analysts are optimistic about Stantec, with multiple price objective increases, now ranging from C$146.00 to C$165.00, and most ratings being "buy" or "outperform".
• The company announced a quarterly dividend of $0.225, translating to an annualized yield of 0.6% and a payout ratio of 28.03%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN hit a new 52-week high during trading on Tuesday . The stock traded as high as C$155.02 and last traded at C$153.13, with a volume of 27166 shares. The stock had previously closed at C$149.91.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on STN shares. Stifel Nicolaus upped their price objective on Stantec from C$156.00 to C$165.00 in a research note on Wednesday, July 16th. 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. Scotiabank upped their price objective on Stantec from C$144.00 to C$146.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group upped their price objective on Stantec from C$150.00 to C$165.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, National Bankshares upped their price objective on Stantec from C$144.00 to C$147.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$151.42.

Stantec Trading Up 2.2%

The company has a market capitalization of C$17.47 billion, a P/E ratio of 51.14, a PEG ratio of 1.46 and a beta of 0.82. The business has a fifty day moving average of C$147.88 and a 200-day moving average of C$129.48. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 30th. Stantec's dividend payout ratio is presently 28.03%.

Insiders Place Their Bets

In related news, Director Susan Reisbord purchased 2,785 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average cost of C$147.74 per share, with a total value of C$411,458.13. Also, Director Clayton Bock bought 1,250 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of C$139.51 per share, with a total value of C$174,392.88. Corporate 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.

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