Stantec (TSE:STN) Hits New 12-Month High - Here's What Happened

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. The stock had previously closed at C$151.21.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on STN shares. Royal Bank Of Canada boosted their target price on Stantec from C$150.00 to C$153.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Scotiabank boosted their target price on Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. TD Securities boosted their target price on Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Raymond James Financial boosted their target price on Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Finally, ATB Capital boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Stantec has a consensus rating of "Buy" and a consensus price target of C$155.50.

Stantec Trading Down 0.8%

The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The business has a fifty day simple moving average of C$150.71 and a 200 day simple moving average of C$137.67. The stock has a market capitalization of C$17.28 billion, a price-to-earnings ratio of 39.66, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th will be issued 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 is Monday, September 29th. Stantec's dividend payout ratio is currently 22.77%.

Insider Buying and Selling at Stantec

In related news, Director Susan Reisbord bought 2,785 shares of the business's stock in a transaction dated 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. 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.