Brokerages Set Stantec Inc. (TSE:STN) PT at C$143.00

Shares of Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) have received an average rating of “Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is C$143.00.

A number of research analysts recently commented on the company. Raymond James Financial decreased their price target on Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reduced their price objective 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. National Bank Financial reduced their price objective on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Stifel Nicolaus decreased their target price on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, TD dropped their target price on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating for the company in a research report on Friday, May 15th.

Read Our Latest Report on STN

Insider Activity at Stantec

In other news, Director Clayton Bock acquired 1,485 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the purchase, the director directly owned 4,895 shares of the company’s stock, valued at C$464,290.75. The trade was a 43.55% increase in their position. Also, Director Douglas Keith Ammerman acquired 681 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was purchased at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the purchase, the director directly owned 42,512 shares of the company’s stock, valued at C$4,159,374.08. The trade was a 1.63% increase in their ownership of the stock. Company insiders own 0.27% of the company’s stock.

Stantec Trading Up 0.9%

Shares of TSE:STN opened at C$103.13 on Friday. The business’s 50 day simple moving average is C$99.10 and its 200 day simple moving average is C$112.86. Stantec has a 1 year low of C$93.28 and a 1 year high of C$160.05. The company has a debt-to-equity ratio of 80.98, a current ratio of 1.50 and a quick ratio of 1.46. The company has a market capitalization of C$11.76 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.46 and a beta of 0.70.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share for the quarter. The firm had revenue of C$2.23 billion during the quarter. Stantec had a return on equity of 15.26% and a net margin of 6.23%.

About Stantec

(Get Free Report)

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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Analyst Recommendations for Stantec (TSE:STN)

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