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

Shares of Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN hit a new 52-week high during trading on Wednesday . The company traded as high as C$144.71 and last traded at C$144.65, with a volume of 100475 shares trading hands. The stock had previously closed at C$143.95.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. CIBC lifted their target price on shares of Stantec from C$141.00 to C$156.00 in a report on Thursday, May 22nd. TD Securities boosted their price objective on Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. ATB Capital upped their target price on Stantec from C$140.00 to C$145.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. Scotiabank increased their target price 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. Finally, Desjardins boosted their price target on Stantec from C$148.00 to C$153.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$148.42.

Stantec Price Performance

The business has a fifty day moving average of C$128.79 and a 200 day moving average of C$120.20. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The stock has a market cap of C$16.59 billion, a PE ratio of 48.56, a P/E/G ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.225 per share. This is a boost from Stantec's previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, March 28th. Stantec's dividend payout ratio is 28.03%.

Insider Activity at Stantec

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