Stantec Given Average Rating of “Buy” by Analysts (TSE:STN)
Stantec (TSE:STN) has earned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the stock, American Banking & Market News reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$71.73.
A number of research firms have recently commented on STN. Analysts at Scotiabank raised their price target on shares of Stantec from C$73.00 to C$79.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Stantec from C$76.00 to C$79.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Stantec from C$79.00 to C$81.00 in a research note on Friday. They now have a “buy” rating on the stock.
Shares of Stantec (TSE:STN) opened at 70.41 on Friday. 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 $67.7 and its 200-day moving average is $66.7. The company has a market cap of $3.288 billion and a price-to-earnings ratio of 21.54.
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 $3.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 16th. Investors 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 1.05%.
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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