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Stantec (TSE:STN) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Friday.

Stantec (TSE:STN) traded down 1.41% during mid-day trading on Friday, hitting $69.13. The stock had a trading volume of 42,619 shares. Stantec has a 52-week low of $47.63 and a 52-week high of $72.48. The stock’s 50-day moving average is $67.56 and its 200-day moving average is $66.74. The company has a market cap of $3.228 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 earnings per share (EPS) for the quarter, beating the 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 declared a quarterly dividend, which is scheduled for Thursday, October 16th. Investors of record on Friday, September 26th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.06%.

A number of other firms have also recently commented on STN. 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. Separately, analysts at Desjardins raised their price target on shares of Stantec from C$69.00 to C$71.00 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Finally, analysts at LB Securities raised their price target on shares of Stantec to C$72.00 in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$70.10.

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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