Stantec (TSE:STN) Reaches New 1-Year High - What's Next?

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN's share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$147.58 and last traded at C$146.22, with a volume of 174817 shares. The stock had previously closed at C$144.27.

Wall Street Analyst Weigh In

A number of research firms have commented on STN. National Bankshares boosted their price objective on Stantec from C$144.00 to C$147.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Desjardins upped their price target on Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group upped their price target on Stantec from C$138.00 to C$150.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Stifel Nicolaus upped their price target on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Scotiabank upped their price target 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. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$148.42.

Stantec Stock Up 1.6%

The business has a fifty day moving average of C$130.38 and a 200 day moving average of C$120.76. The firm has a market cap of C$16.72 billion, a P/E ratio of 48.94, a P/E/G ratio of 1.46 and a beta of 0.82. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, March 28th. This is an increase from Stantec's previous quarterly dividend of $0.21. Stantec's dividend payout ratio is currently 28.03%.

Insider Activity at Stantec

In other Stantec news, Director Clayton Bock purchased 1,250 shares of the stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. 0.27% of the stock is currently owned by corporate insiders.

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.