Stantec (TSE:STN) Reaches New 1-Year High - Still a Buy?

Key Points

• Stantec Inc. shares hit a new 52-week high of C$155.35, with a trading volume of 249,878 shares.
• Analyst ratings remain positive, with most firms upgrading their price targets, the highest being C$168.00 from CIBC, and a consensus price target of C$155.50.
• The company recently declared a quarterly dividend of $0.225 per share, representing an annualized yield of 0.6%.

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN reached a new 52-week high on Thursday . The company traded as high as C$155.35 and last traded at C$155.30, with a volume of 249878 shares trading hands. The stock had previously closed at C$151.21.

Analyst Upgrades and Downgrades

STN has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on Stantec from C$150.00 to C$153.00 and gave the company an "outperform" rating in a report on Friday, August 15th. TD Securities raised their price target on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. National Bankshares raised their price target on Stantec from C$162.00 to C$164.00 and gave the company an "outperform" rating in a report on Friday, August 15th. CIBC lifted their target price on Stantec from C$156.00 to C$168.00 in a research note on Friday, July 18th. Finally, Canaccord Genuity Group lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$155.50.

Stantec Trading Up 2.7%

The company has a market capitalization of C$17.71 billion, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92. The business has a fifty day moving average price of C$150.40 and a 200 day moving average price of C$136.65. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Stantec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.225 per share. 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 payout ratio is 22.77%.

Insiders Place Their Bets

In other news, Director Susan Reisbord acquired 2,785 shares of Stantec stock in a transaction dated Thursday, June 26th. The stock was bought 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.

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.

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