Canaccord Genuity Group Raises Stantec (TSE:STN) Price Target to C$125.00

Stantec (TSE:STN) (NYSE:STN) had its target price lifted by Canaccord Genuity Group from C$120.00 to C$125.00 in a research note published on Tuesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

STN has been the subject of a number of other research reports. Raymond James downgraded shares of Stantec from an outperform rating to a market perform rating and cut their price objective for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Stifel Nicolaus increased their price target on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets lifted their price objective on Stantec from C$128.00 to C$131.00 in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$123.50.

Stantec Price Performance

Shares of TSE STN opened at C$114.47 on Tuesday. The firm has a market cap of C$13.06 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business’s 50 day moving average is C$110.75 and its 200-day moving average is C$112.33. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. Stantec has a 1-year low of C$82.50 and a 1-year high of C$122.57.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.12 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.01. Stantec had a return on equity of 12.91% and a net margin of 6.31%. The firm had revenue of C$1.49 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Stantec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.73%. Stantec’s dividend payout ratio is currently 27.63%.

Insider Buying and Selling at Stantec

In related news, Director Vito Culmone bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of C$112.97 per share, with a total value of C$225,940.00. In related news, Director Asifa Samji bought 300 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of C$109.75 per share, with a total value of C$32,925.00. Following the completion of the purchase, the director now owns 840 shares in the company, valued at C$92,190. This represents a 0.00 % increase in their position. Also, Director Vito Culmone purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average price of C$112.97 per share, with a total value of C$225,940.00. Insiders have acquired a total of 2,445 shares of company stock worth $274,636 over the last 90 days. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.