CIBC Boosts Stantec (TSE:STN) Price Target to C$141.00

Stantec (TSE:STN) (NYSE:STN) had its price objective upped by CIBC from C$139.00 to C$141.00 in a report issued on Thursday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Scotiabank lifted their price objective on Stantec from C$129.00 to C$141.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$130.00 to C$140.00 in a report on Wednesday, February 26th. ATB Capital increased their price objective on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 26th. Stifel Nicolaus boosted their target price on shares of Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, TD Securities raised their price target on shares of Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$140.50.

Stantec Price Performance

Shares of TSE STN opened at C$120.88 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The company’s 50-day moving average price is C$117.17 and its 200 day moving average price is C$115.34. Stantec has a 52 week low of C$103.48 and a 52 week high of C$129.39. The stock has a market cap of C$13.78 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.225 dividend. This is a positive change from Stantec’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.90 annualized dividend and a yield of 0.74%. Stantec’s dividend payout ratio (DPR) is presently 28.03%.

About Stantec

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.