Stantec (TSE:STN) Hits New 1-Year High at $55.62


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Stantec Inc. (TSE:STN) (NYSE:STN) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$55.62 and last traded at C$55.48, with a volume of 11424 shares traded. The stock had previously closed at C$54.85.

A number of equities analysts have recently weighed in on STN shares. Royal Bank of Canada lifted their price target on shares of Stantec from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Friday, February 26th. CIBC lifted their price target on shares of Stantec from C$52.00 to C$56.00 in a research report on Friday, February 26th. Raymond James lifted their price target on shares of Stantec from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday, February 26th. Scotiabank lifted their price target on shares of Stantec from C$57.00 to C$59.00 in a research report on Friday, February 26th. Finally, BMO Capital Markets lifted their price target on shares of Stantec from C$50.00 to C$56.00 in a research report on Friday, February 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$54.90.

The firm’s 50-day simple moving average is C$51.92 and its 200 day simple moving average is C$44.23. The company has a debt-to-equity ratio of 68.18, a quick ratio of 1.53 and a current ratio of 1.59. The stock has a market capitalization of C$6.13 billion and a P/E ratio of 35.99.

Stantec (TSE:STN) (NYSE:STN) last issued its quarterly earnings results on Wednesday, February 24th. The company reported C$0.60 EPS for the quarter, topping the consensus estimate of C$0.42 by C$0.18. The business had revenue of C$861.70 million for the quarter, compared to the consensus estimate of C$876.40 million. As a group, research analysts expect that Stantec Inc. will post 2.6199997 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 30th. This is a boost from Stantec’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 1.20%. Stantec’s payout ratio is 40.60%.

In other news, Director Paul Jeremy David Alpern sold 8,348 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of C$50.82, for a total transaction of C$424,219.48. Also, Director Gordon Allan Johnston sold 35,000 shares of the business’s stock in a transaction dated Monday, March 29th. The stock was sold at an average price of C$53.61, for a total transaction of C$1,876,273.00. Following the transaction, the director now owns 36,293 shares in the company, valued at C$1,945,587.89. Insiders have sold a total of 66,348 shares of company stock worth $3,537,354 over the last three months.

About Stantec (TSE:STN)

Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

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