Stantec Receives Average Recommendation of “Buy” from Brokerages (TSE:STN)
Stantec (TSE:STN) has been given a consensus rating of “Buy” by the twelve brokerages that are presently covering the stock, AnalystRatings.Net reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$70.10.
Stantec (TSE:STN) traded down 1.24% during mid-day trading on Friday, hitting $69.25. The stock had a trading volume of 56,161 shares. Stantec has a one year low of $47.63 and a one year high of $72.48. The stock has a 50-day moving average of $67.56 and a 200-day moving average of $66.74. The company has a market cap of $3.234 billion and a price-to-earnings ratio of 21.51.
Stantec (TSE:STN) last released its earnings data on Friday, August 8th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.05. Analysts expect that Stantec will post $3.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 16th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.06%.
A number of research firms have recently commented on STN. Analysts at RBC Capital raised their price target on shares of Stantec from C$77.00 to C$80.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at National Bank Financial downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, analysts at Canaccord Genuity raised their price target on shares of Stantec from C$75.00 to C$78.00 in a research note on Friday. They now have a “buy” rating on the stock.
Stantec Inc (TSE:STN) provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors.
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