Stantec Inc. (TSE:STN – Get Free Report) (NYSE:STN)’s stock price shot up 6.4% during mid-day trading on Friday . The stock traded as high as C$106.29 and last traded at C$106.29. 186,778 shares traded hands during trading, a decline of 53% from the average session volume of 395,466 shares. The stock had previously closed at C$99.91.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports 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. Royal Bank Of Canada boosted their price objective on shares of Stantec from C$168.00 to C$175.00 in a report on Friday, February 27th. National Bank Financial dropped their price objective on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Desjardins boosted their price objective on shares of Stantec from C$173.00 to C$178.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Scotiabank dropped their price objective on shares of Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$159.00.
Read Our Latest Report on Stantec
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last posted its earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$2.07 billion for the quarter. Stantec had a net margin of 6.47% and a return on equity of 15.28%.
About Stantec
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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