Stantec (TSE:STN) Raised to “Outperform” at Raymond James

Raymond James upgraded shares of Stantec (TSE:STN) (NYSE:STN) from a market perform rating to an outperform rating in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have C$140.00 target price on the stock, up from their prior target price of C$130.00.

A number of other brokerages have also commented on STN. National Bankshares upped their price target on Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada upped their price target on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a report on Wednesday. ATB Capital upped their price target on Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a report on Wednesday. Stifel Nicolaus upped their price target on Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Securities upped their target price on Stantec from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Stock Up 6.8 %

STN opened at C$128.12 on Wednesday. The business has a 50 day moving average price of C$112.05 and a 200 day moving average price of C$113.28. Stantec has a twelve month low of C$103.48 and a twelve month high of C$129.39. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The firm has a market cap of C$14.61 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.21 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.66%. Stantec’s payout ratio is 28.03%.

Insider Buying and Selling

In other news, Director Vito Culmone acquired 3,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Corporate insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.