Stantec (TSE:STN) Stock Price Expected to Rise, Raymond James Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its price objective boosted by Raymond James from C$120.00 to C$130.00 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

STN has been the topic of a number of other reports. Stifel Nicolaus lifted their price target on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. BMO Capital Markets lifted their target price on Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. CIBC boosted their price target on shares of Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Scotiabank upgraded shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Finally, Canaccord Genuity Group boosted their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$130.50.

Stantec Stock Performance

TSE STN opened at C$114.50 on Thursday. The company has a fifty day moving average price of C$115.64 and a 200-day moving average price of C$114.19. The firm has a market cap of C$13.06 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46. Stantec has a 1 year low of C$103.48 and a 1 year high of C$123.92.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.24 by C$0.06. Stantec had a net margin of 6.31% and a return on equity of 12.91%. During the same period in the prior year, the business posted $1.14 earnings per share.

Stantec Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Activity at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is owned by company insiders.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.