Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's stock price reached a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as C$150.94 and last traded at C$148.58, with a volume of 47478 shares trading hands. The stock had previously closed at C$149.99.
The newly announced dividend which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, June 30th. Stantec's payout ratio is presently 28.03%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. National Bankshares increased their price objective on shares of Stantec from C$144.00 to C$147.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada increased their price objective on shares of Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. CIBC increased their price objective on shares of Stantec from C$141.00 to C$156.00 in a research report on Thursday, May 22nd. Scotiabank increased their price objective on shares of Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Desjardins increased their price objective on shares of Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$148.42.
Check Out Our Latest Stock Analysis on Stantec
Stantec Trading Down 1.4%
The firm has a market capitalization of C$16.89 billion, a P/E ratio of 49.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business's 50-day moving average is C$138.38 and its 200 day moving average is C$123.29. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.
Insider Activity
In other news, Director Clayton Bock bought 1,250 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of C$139.51 per share, with a total value 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 stock was purchased at an average cost of C$147.74 per share, for a total transaction of C$411,458.13. 0.27% of the stock is owned by company insiders.
About Stantec
(
Get Free Report)
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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