Stantec (TSE:STN) Upgraded to Strong-Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Stantec (TSE:STN) (NYSE:STN) from a hold rating to a strong-buy rating in a research note published on Friday,Zacks.com reports.

Several other brokerages have also recently issued reports on STN. Raymond James cut Stantec from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Scotiabank raised Stantec to a “strong-buy” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus increased their target price on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$124.33.

Stantec Stock Up 3.0 %

Shares of TSE:STN opened at C$115.55 on Friday. Stantec has a 52-week low of C$92.40 and a 52-week high of C$122.57. The stock has a market cap of C$13.18 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business’s 50 day moving average is C$111.32 and its 200 day moving average is C$112.71. The company has a quick ratio of 1.46, a current ratio of 1.39 and a debt-to-equity ratio of 80.74.

Stantec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Buying and Selling

In other news, Director Vito Culmone acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In other Stantec news, Director Asifa Samji bought 300 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of C$109.75 per share, with a total value of C$32,925.00. Following the purchase, the director now directly owns 840 shares of the company’s stock, valued at C$92,190. This trade represents a 0.00 % increase in their position. Also, Director Vito Culmone bought 2,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. In the last three months, insiders have bought 2,445 shares of company stock worth $274,636. 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.