Stifel Nicolaus Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Key Points

• Stifel Nicolaus raised its price target on Stantec from C$154 to C$160 and kept a "buy" rating, implying about 28.18% upside from the current price.
• Analyst coverage is broadly positive—nine analysts rate the stock Buy and one rates it Hold, giving a MarketBeat consensus of "Moderate Buy" with an average target of C$160.50.
• Shares traded at C$124.82 on Friday (12‑month range C$114.84–C$160.05); the company has a market cap of C$14.24B, trailing P/E of 29.72, and reported quarterly EPS of C$0.82.

Stantec (TSE:STN - Get Free Report) NYSE: STN had its price objective raised by research analysts at Stifel Nicolaus from C$154.00 to C$160.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 28.18% from the company's current price.

A number of other research firms have also recently issued reports on STN. Scotiabank cut their price target on Stantec from C$162.00 to C$146.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Desjardins lifted their price target on Stantec from C$173.00 to C$178.00 and gave the company a "buy" rating in a report on Friday, February 27th. National Bank Financial cut their price target on Stantec from C$163.00 to C$143.00 and set an "outperform" rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada lifted their price target on Stantec from C$168.00 to C$175.00 in a report on Friday, February 27th. Finally, TD Securities cut their price target on Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Stantec presently has a consensus rating of "Moderate Buy" and an average price target of C$160.50.

Stantec Price Performance

Shares of TSE:STN traded up C$2.40 on Friday, hitting C$124.82. The stock had a trading volume of 174,393 shares, compared to its average volume of 392,491. Stantec has a twelve month low of C$114.84 and a twelve month high of C$160.05. The company has a debt-to-equity ratio of 96.66, a quick ratio of 1.46 and a current ratio of 1.23. The firm's 50 day moving average price is C$123.36 and its 200-day moving average price is C$135.19. The company has a market capitalization of C$14.24 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Stantec (TSE:STN - Get Free Report) NYSE: STN last issued its earnings results on Wednesday, February 25th. The company reported C$0.82 EPS for the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%. The company had revenue of C$2.12 billion for the quarter.

About Stantec

Stantec empowers clients, people, and communities to rise to the world's greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today's communities transcend geographic borders.

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