Stantec Inc. (TSE:STN – Get Free Report) (NYSE:STN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$124.97 and traded as low as C$102.16. Stantec shares last traded at C$102.59, with a volume of 799,147 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Stantec from C$175.00 to C$155.00 in a report on Friday, May 15th. Stifel Nicolaus cut their target price on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. TD Securities cut their target price on shares of Stantec from C$183.00 to C$158.00 in a report on Tuesday, February 24th. Desjardins cut their target price on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Raymond James Financial cut their target price on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Thirteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, Stantec has an average rating of “Buy” and an average target price of C$150.54.
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last released its earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.The business had revenue of C$2.07 billion during the quarter.
Stantec Company Profile
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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