Stantec Inc. (STN) Receives Average Rating of “Buy” from Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$39.50.

Several equities analysts recently issued reports on STN shares. CIBC boosted their price target on shares of Stantec from C$37.00 to C$38.00 in a research report on Monday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a C$40.00 price target on shares of Stantec in a research report on Monday, October 23rd. National Bank Financial reduced their price target on shares of Stantec from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, December 1st. Scotiabank restated an “outperform” rating and issued a C$40.00 price objective on shares of Stantec in a report on Friday, November 10th. Finally, Raymond James Financial upped their price objective on shares of Stantec from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, November 10th.

Shares of Stantec (STN) traded up C$0.46 during midday trading on Friday, hitting C$35.71. 104,700 shares of the company traded hands, compared to its average volume of 188,765. Stantec has a one year low of C$30.24 and a one year high of C$37.13. The stock has a market capitalization of $4,070.00, a PE ratio of 35.36 and a beta of 1.22.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Thursday, November 9th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.01). Stantec had a net margin of 5.41% and a return on equity of 9.76%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, December 28th. Stantec’s dividend payout ratio (DPR) is presently 48.27%.

In other Stantec news, Director Russell Edward Wlad sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of C$35.57, for a total value of C$355,700.00.

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About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Analyst Recommendations for Stantec (TSE:STN)

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