Stantec - STN Stock Forecast, Price & News

Stantec Inc. provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. It also offers structural, mechanical, electrical, plumbing, and hydraulics engineering services; transportation advisory, planning and analytics, transport engineering, and technical design; paleontological and archaeological services for the rail, transportation, water, and power and energy sectors; environmental and infrastructure services; and environmental and cultural resource compliance services. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada.

Stantec Stock Up 4.3 %

Stantec stock traded up C$2.67 during trading hours on Friday, hitting C$64.90. The company had a trading volume of 327,393 shares, compared to its average volume of 217,956. The firm has a market capitalization of C$7.19 billion and a P/E ratio of 37.30. The company has a debt-to-equity ratio of 97.30, a current ratio of 1.52 and a quick ratio of 1.46. The firm's fifty day moving average is C$58.54 and its 200-day moving average is C$60.82. Stantec has a fifty-two week low of C$53.12 and a fifty-two week high of C$73.10.

Stantec (TSE:STN - Get Rating) (NYSE:STN) last released its quarterly earnings data on Wednesday, May 11th. The company reported C$0.61 earnings per share for the quarter, beating the consensus estimate of C$0.60 by C$0.01. The company had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.03 billion. On average, research analysts forecast that Stantec will post 3.36 earnings per share for the current year.

Stantec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 29th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, September 28th. Stantec's dividend payout ratio is 38.79%.

Wall Street Analyst Weigh In

Several analysts recently commented on STN shares. Atb Cap Markets raised shares of Stantec from a "sector perform" rating to an "outperform" rating in a research note on Thursday. CIBC cut their price target on shares of Stantec from C$79.00 to C$74.00 in a report on Wednesday, July 13th. Desjardins restated a "buy" rating on shares of Stantec in a report on Friday, May 13th. Stifel Nicolaus boosted their price target on shares of Stantec from C$70.00 to C$72.00 in a report on Friday. Finally, Scotiabank boosted their price target on shares of Stantec from C$72.00 to C$74.00 in a report on Friday. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Stantec has a consensus rating of "Moderate Buy" and an average price target of C$74.82.