Stantec (TSE:STN) Price Target Raised to C$173.00

Stantec (TSE:STN) (NYSE:STN) had its price target raised by Stifel Nicolaus from C$169.00 to C$173.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Scotiabank boosted their price target on shares of Stantec from C$161.00 to C$162.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Desjardins lifted their price target on Stantec from C$160.00 to C$173.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Royal Bank Of Canada increased their price objective on Stantec from C$153.00 to C$168.00 in a report on Monday, November 17th. National Bankshares lowered their target price on shares of Stantec from C$167.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Stantec from C$168.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$166.50.

Stantec Trading Up 2.1%

Shares of STN stock opened at C$138.61 on Friday. The stock has a 50 day simple moving average of C$133.87 and a 200-day simple moving average of C$144.39. The company has a market cap of C$15.81 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.46 and a beta of 0.79. Stantec has a 1-year low of C$108.09 and a 1-year high of C$160.05. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

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

Insider Transactions at Stantec

In other news, Director Gordon Allan Johnston purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average cost of C$131.52 per share, with a total value of C$526,080.00. Following the completion of the acquisition, the director directly owned 53,793 shares of the company’s stock, valued at approximately C$7,074,855.36. This trade represents a 8.03% increase in their position. 0.27% of the stock is owned by corporate insiders.

About Stantec

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.