Stantec Inc. (TSE:STN) Receives Consensus Recommendation of “Buy” from Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has been assigned a consensus rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Thirteen equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$150.54.

Several equities research analysts have recently commented on STN shares. Canadian Imperial Bank of Commerce dropped their target price on shares of Stantec from C$173.00 to C$160.00 in a research report on Tuesday, May 19th. Raymond James Financial reduced their price target on shares of Stantec from C$180.00 to C$165.00 in a research report on Wednesday, April 29th. Stifel Nicolaus decreased their price target on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Desjardins lowered their price objective on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Scotiabank cut their price objective on Stantec from C$162.00 to C$146.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th.

Stantec Price Performance

Shares of Stantec stock opened at C$104.17 on Monday. The business has a 50 day moving average of C$117.41 and a 200 day moving average of C$126.74. Stantec has a 52 week low of C$99.67 and a 52 week high of C$160.05. The company has a market cap of C$11.88 billion, a PE ratio of 24.28, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a quick ratio of 1.46, a current ratio of 1.35 and a debt-to-equity ratio of 76.67.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$1.33 earnings per share for the quarter. The business had revenue of C$2.07 billion for the quarter. Stantec had a net margin of 6.19% and a return on equity of 15.21%.

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.