ATB Capital Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by ATB Capital from C$125.00 to C$135.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group raised their target price on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets increased their price target on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. National Bankshares lifted their price objective on shares of Stantec from C$140.00 to C$143.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research note on Wednesday. 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 report on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$140.33.

Stantec Stock Performance

Shares of Stantec stock opened at C$128.12 on Wednesday. The business has a 50-day moving average price of C$112.05 and a two-hundred day moving average price of C$113.28. Stantec has a 1-year low of C$103.48 and a 1-year high of C$129.39. 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 has a market cap of C$14.61 billion, a P/E ratio of 42.75, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio is presently 28.03%.

Insider Activity

In other Stantec news, Director Vito Culmone bought 3,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. Insiders own 0.27% of the company’s stock.

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.