Stantec (TSE:STN) Reaches New 12-Month Low – Here’s Why

Shares of Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) reached a new 52-week low on Tuesday . The stock traded as low as C$113.09 and last traded at C$114.42, with a volume of 173735 shares. The stock had previously closed at C$117.38.

Analyst Upgrades and Downgrades

Several research firms have commented on STN. Raymond James Financial dropped their price objective on shares of Stantec from C$180.00 to C$165.00 in a report on Wednesday, April 29th. Desjardins upped their price target on shares of Stantec from C$173.00 to C$178.00 and gave the company a “buy” rating in a research note on Friday, February 27th. National Bank Financial cut their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. TD Securities reduced their price objective on shares of Stantec from C$183.00 to C$158.00 in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada increased their target price on Stantec from C$168.00 to C$175.00 in a research report on Friday, February 27th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.00.

Get Our Latest Analysis on Stantec

Stantec Stock Performance

The company’s fifty day simple moving average is C$122.59 and its 200 day simple moving average is C$131.61. The company has a current ratio of 1.23, a quick ratio of 1.46 and a debt-to-equity ratio of 96.66. The stock has a market capitalization of C$12.99 billion, a P/E ratio of 27.12, a P/E/G ratio of 1.46 and a beta of 0.76.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.82 earnings per share (EPS) for the quarter. Stantec had a return on equity of 15.28% and a net margin of 6.47%.The company had revenue of C$2.12 billion during the quarter.

Stantec Company Profile

(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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