Stantec Inc. (TSE:STN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have earned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$140.33.

Several analysts have recently issued reports on the stock. ATB Capital upped their target price on shares of Stantec from C$125.00 to C$135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 26th. Royal Bank of Canada upped their price objective on shares of Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of Stantec from C$135.00 to C$144.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Desjardins upped their target price on Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$130.00 to C$140.00 in a research report on Wednesday, February 26th.

Stantec Trading Up 1.6 %

Shares of Stantec stock opened at C$118.24 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.46 and a debt-to-equity ratio of 85.29. The stock has a fifty day simple moving average of C$113.51 and a 200 day simple moving average of C$113.73. Stantec has a 12-month low of C$103.48 and a 12-month high of C$129.39. The company has a market capitalization of C$13.48 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is currently 28.03%.

Insider Activity at Stantec

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