Stantec (TSE:STN) Reaches New 12-Month High on Analyst Upgrade

Key Points

• Stantec Inc. shares hit a new 52-week high after Stifel Nicolaus raised their price target from C$160.00 to C$175.00, maintaining a buy rating.
• Other brokerages also increased their price targets for Stantec, with most analysts rating the stock as a Buy or Outperform.
• Stantec announced a quarterly dividend of $0.225 per share, set to be paid on October 15th, with a current yield of 0.6%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN shares reached a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$160.00 to C$175.00. Stifel Nicolaus currently has a buy rating on the stock. Stantec traded as high as C$155.75 and last traded at C$155.66, with a volume of 31530 shares. The stock had previously closed at C$154.20.

Several other brokerages also recently commented on STN. Desjardins increased their price objective on shares of Stantec from C$153.00 to C$158.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Royal Bank Of Canada increased their price target on shares of Stantec from C$150.00 to C$153.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$150.00 to C$165.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Raymond James Financial upped their price objective on Stantec from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Finally, National Bankshares lifted their target price on Stantec from C$162.00 to C$164.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Stantec currently has a consensus rating of "Buy" and a consensus target price of C$156.00.

Stantec Price Performance

The firm has a 50-day simple moving average of C$150.38 and a 200-day simple moving average of C$140.69. The firm has a market capitalization of C$17.66 billion, a PE ratio of 40.52, a PEG ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Stantec Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.