Stantec (TSE:STN) Price Target Raised to C$130.00

Stantec (TSE:STN) (NYSE:STN) had its target price upped by Raymond James from C$120.00 to C$130.00 in a report issued on Tuesday morning,BayStreet.CA reports. Raymond James currently has a market perform rating on the stock. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $4.31 EPS, Q2 2025 earnings at $1.26 EPS, Q3 2025 earnings at $1.45 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.92 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.50 EPS, Q3 2026 earnings at $1.67 EPS, Q4 2026 earnings at $1.45 EPS and FY2026 earnings at $5.85 EPS.

A number of other equities research analysts also recently issued reports on STN. Canaccord Genuity Group boosted their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Scotiabank raised Stantec to a “strong-buy” rating in a report on Friday, October 25th. CIBC raised their price target on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. BMO Capital Markets increased their price objective on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Finally, Stifel Nicolaus upped their price objective on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$130.50.

Stantec Stock Up 1.0 %

STN stock opened at C$116.37 on Tuesday. The company has a market cap of C$13.27 billion, a price-to-earnings ratio of 38.28, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The business’s 50-day moving average is C$115.74 and its two-hundred day moving average is C$114.19. Stantec has a fifty-two week low of C$103.48 and a fifty-two week high of C$123.92.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$1.30 earnings per share for the quarter, topping the consensus estimate of C$1.24 by C$0.06. Stantec had a net margin of 6.31% and a return on equity of 12.91%. During the same period in the previous year, the firm posted $1.14 EPS.

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 issued a $0.21 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 0.72%. Stantec’s payout ratio is currently 27.63%.

Insider Buying and Selling

In related news, Director Vito Culmone bought 4,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of C$121.49 per share, for a total transaction of C$485,960.00. 0.27% of the stock is owned by insiders.

About Stantec

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.