Stantec Inc. (TSE:STN – Get Free Report) (NYSE:STN) has been assigned a consensus rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$143.00.
A number of equities analysts recently commented on the stock. National Bank Financial reduced their price objective on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Desjardins set a C$169.00 target price on Stantec and gave the company a “buy” rating in a research report on Friday, August 14th. Royal Bank Of Canada cut their price target on Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Scotiabank reduced their price target on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th.
View Our Latest Stock Report on Stantec
Stantec Trading Up 0.8%
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The firm had revenue of C$2.23 billion for the quarter.
Stantec Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be paid a $0.2450 dividend. This represents a $0.98 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, September 29th. Stantec’s payout ratio is 21.22%.
Insider Transactions at Stantec
In other news, Director Shelley Ann Marie Brown purchased 393 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average cost of C$95.91 per share, with a total value of C$37,692.63. Following the completion of the transaction, the director owned 6,277 shares in the company, valued at C$602,027.07. This represents a 6.68% increase in their position. Also, Director Susan Reisbord purchased 2,068 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of C$102.59 per share, with a total value of C$212,156.12. Following the completion of the transaction, the director owned 8,253 shares of the company’s stock, valued at approximately C$846,675.27. The trade was a 33.44% increase in their position. Insiders own 0.27% of the company’s stock.
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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