Stantec (TSE:STN) Stock Price Expected to Rise, TD Securities Analyst Says

Stantec (TSE:STN) (NYSE:STN) had its target price lifted by research analysts at TD Securities from C$139.00 to C$145.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 14.53% from the company’s current price.

A number of other research firms have also recently commented on STN. Canaccord Genuity Group upped their price objective on Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Raymond James upped their price target on Stantec from C$120.00 to C$130.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. BMO Capital Markets raised their price objective on Stantec from C$135.00 to C$138.00 in a report on Friday, December 6th. Finally, CIBC upped their target price on shares of Stantec from C$121.50 to C$134.00 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Stantec has a consensus rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Performance

STN traded up C$6.67 during trading on Wednesday, reaching C$126.60. 504,362 shares of the company’s stock were exchanged, compared to its average volume of 230,142. Stantec has a 1 year low of C$103.48 and a 1 year high of C$126.60. The stock has a market capitalization of C$14.43 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The company’s fifty day simple moving average is C$112.05 and its 200-day simple moving average is C$113.28. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Insider Activity at Stantec

In other news, Director Vito Culmone purchased 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$112.03 per share, for a total transaction of C$336,099.00. 0.27% of the stock is currently owned by insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.