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

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$166.70.

Several brokerages recently commented on STN. National Bankshares dropped their price objective on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Royal Bank Of Canada increased their price target on Stantec from C$153.00 to C$168.00 in a research note on Monday, November 17th. TD Securities raised their price objective on Stantec from C$176.00 to C$183.00 and gave the company a “buy” rating in a report on Monday, October 27th. Scotiabank upped their target price on Stantec from C$161.00 to C$162.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, Desjardins increased their target price on Stantec from C$160.00 to C$173.00 and gave the company a “buy” rating in a research report on Friday, December 12th.

Stantec Stock Performance

Stantec stock opened at C$137.26 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29. The stock has a market cap of C$15.66 billion, a PE ratio of 32.37, a P/E/G ratio of 1.46 and a beta of 0.78. Stantec has a 12-month low of C$107.23 and a 12-month high of C$160.05. The business’s 50-day moving average price is C$133.46 and its two-hundred day moving average price is C$145.38.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, November 13th. The company reported C$1.53 EPS for the quarter. Stantec had a net margin of 4.78% and a return on equity of 12.08%. The firm had revenue of C$2.14 billion during the quarter.

Insider Transactions at Stantec

In other Stantec news, Director Gordon Allan Johnston bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average cost of C$131.52 per share, for a total transaction of C$526,080.00. Following the transaction, the director directly owned 53,793 shares in the company, valued at approximately C$7,074,855.36. This represents a 8.03% increase in their ownership of the stock. 0.27% of the stock is currently owned by company insiders.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.