Desjardins set a C$169.00 price target on Stantec (TSE:STN – Free Report) (NYSE:STN) in a research report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
A number of other research analysts have also recently commented on the stock. ATB Cormark Capital Markets upped their price target on shares of Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday. Scotia decreased their price objective on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating for the company in a report on Friday. Royal Bank Of Canada lowered their price objective on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating for the company in a research report on Friday. Canadian Imperial Bank of Commerce dropped their target price on shares of Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. Finally, National Bank Financial reduced their target price on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$143.00.
Check Out Our Latest Stock Report on STN
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. The business had revenue of C$2.23 billion during the quarter. Stantec had a return on equity of 15.21% and a net margin of 6.19%.
Insider Buying and Selling at Stantec
In other Stantec news, Director Clayton Bock bought 1,485 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of C$94.85 per share, for a total transaction of C$140,852.25. Following the purchase, the director directly owned 4,895 shares in the company, valued at C$464,290.75. This represents a 43.55% increase in their ownership of the stock. Also, Director Douglas Keith Ammerman purchased 681 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was bought at an average cost of C$97.84 per share, with a total value of C$66,629.04. Following the acquisition, the director owned 42,512 shares of the company’s stock, valued at approximately C$4,159,374.08. The trade was a 1.63% increase in their position. Insiders own 0.27% of the company’s stock.
More Stantec News
Here are the key news stories impacting Stantec this week:
- Positive Sentiment: Brokerages assigned Stantec a consensus “Buy” rating, indicating generally positive expectations for the engineering and consulting company. Stantec Inc. Given Consensus Recommendation of Buy by Brokerages
- Positive Sentiment: Desjardins initiated coverage with a “Buy” rating and a C$169 price target, implying approximately 64.7% potential upside. BayStreet analyst ratings
- Positive Sentiment: ATB Cormark raised its price target to C$133 from C$130 and reiterated an “Outperform” rating, implying roughly 29.7% upside. BayStreet analyst ratings
- Positive Sentiment: Royal Bank of Canada kept an “Outperform” rating with a C$146 target, while Scotia maintained “Sector Outperform” with a C$129 target. Both targets remain materially above the reference price. BayStreet analyst ratings
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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