Stantec (TSE:STN) Reaches New 52-Week High - Should You Buy?

Key Points

• Stantec Inc. shares reached a new **52-week high** at C$158.26 during trading on Tuesday, up from a previous close of C$153.23.
• Analysts have issued mostly positive ratings for Stantec, with one **Strong Buy**, nine **Buy**, and one **Hold**, reflecting a consensus rating of "Buy" with an average target price of **C$156.00**.
• The company announced a **quarterly dividend** of $0.225, payable on October 15th, representing a **0.6% dividend yield** with a payout ratio of 22.77%.

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$158.01 and last traded at C$158.26, with a volume of 169497 shares traded. The stock had previously closed at C$153.23.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STN shares. Royal Bank Of Canada raised their price target on shares of Stantec from C$150.00 to C$153.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. National Bankshares lifted their target price on shares of Stantec from C$162.00 to C$164.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Desjardins lifted their target price 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. CIBC lifted their price target on shares of Stantec from C$156.00 to C$168.00 in a report on Friday, July 18th. Finally, Raymond James Financial boosted their target price on shares of Stantec from C$155.00 to C$160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. 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 MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$156.00.

Stantec Trading Up 3.1%

The stock has a market cap of C$18.03 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 1.46 and a beta of 0.87. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The business's 50 day simple moving average is C$150.94 and its 200 day simple moving average is C$142.20.

Stantec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be given a $0.225 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.90 annualized dividend and a dividend yield of 0.6%. Stantec's payout ratio is presently 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.

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