Stantec (TSE:STN) PT Raised to C$131.00 at BMO Capital Markets

Stantec (TSE:STN) (NYSE:STN) had its price objective lifted by BMO Capital Markets from C$128.00 to C$131.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Stantec from C$130.00 to C$132.00 and gave the stock a buy rating in a report on Thursday, May 2nd. National Bankshares increased their price objective on Stantec from C$126.00 to C$128.00 in a research note on Friday, May 10th. Scotiabank upped their price target on Stantec from C$119.00 to C$120.00 and gave the stock a sector perform rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada increased their price target on Stantec from C$123.00 to C$125.00 in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$121.08.

Stantec Stock Up 0.9 %

Shares of TSE:STN opened at C$118.97 on Wednesday. The company has a debt-to-equity ratio of 75.54, a quick ratio of 1.46 and a current ratio of 1.34. Stantec has a 52-week low of C$82.50 and a 52-week high of C$120.65. The business’s 50 day simple moving average is C$113.85 and its two-hundred day simple moving average is C$112.18. The firm has a market cap of C$13.57 billion, a P/E ratio of 38.50, a PEG ratio of 1.46 and a beta of 0.87.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Wednesday, May 8th. The company reported C$0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.86 by C$0.04. The company had revenue of C$1.37 billion for the quarter, compared to analysts’ expectations of C$1.36 billion. Stantec had a return on equity of 13.32% and a net margin of 6.64%. As a group, research analysts forecast that Stantec will post 4.2953046 EPS for the current fiscal year.

Stantec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, June 28th. Stantec’s dividend payout ratio (DPR) is currently 27.18%.

Insider Buying and Selling

In related news, Director Catherine Margaret Schefer bought 605 shares of the company’s stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of C$114.22 per share, for a total transaction of C$69,102.50. 0.26% of the stock is currently owned by corporate insiders.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.