Stantec (TSE:STN) Price Target Raised to C$138.00

Stantec (TSE:STN) (NYSE:STN) had its price objective boosted by BMO Capital Markets from C$135.00 to C$138.00 in a report published on Friday morning,BayStreet.CA reports.

STN has been the subject of a number of other research reports. Canaccord Genuity Group increased their price target on Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Raymond James lowered Stantec from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$125.00 to C$120.00 in a report on Thursday, August 8th. Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus lifted their target price on Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Three research 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$128.10.

Stantec Trading Up 0.3 %

TSE:STN opened at C$122.44 on Friday. Stantec has a 1 year low of C$99.81 and a 1 year high of C$123.92. The business has a fifty day moving average of C$115.32 and a 200-day moving average of C$113.63. 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 stock has a market cap of C$13.97 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 1.46 and a beta of 0.82.

Stantec Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.69%. Stantec’s dividend payout ratio (DPR) is presently 27.63%.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of C$121.49 per share, for a total transaction of C$485,960.00. 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.