Insider Buying: Stantec (TSE:STN) Director Acquires C$66,629.04 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Douglas Keith Ammerman purchased 681 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were acquired at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the transaction, the director directly owned 42,512 shares in the company, valued at approximately C$4,159,374.08. This represents a 1.63% increase in their ownership of the stock.

Stantec Trading Up 0.5%

Stantec stock opened at C$99.71 on Friday. The company has a market cap of C$11.37 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.46 and a beta of 0.71. The firm has a 50-day moving average of C$106.49 and a 200-day moving average of C$120.47. The company has a debt-to-equity ratio of 76.67, a current ratio of 1.35 and a quick ratio of 1.46. Stantec Inc. has a one year low of C$94.79 and a one year high of C$160.05.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STN. Desjardins dropped their price objective on Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Scotia lowered their target price on shares of Stantec from C$146.00 to C$138.00 and set a “sector outperform” rating on the stock in a report on Friday, May 15th. TD dropped their price target on shares of Stantec from C$158.00 to C$132.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce dropped their price target on shares of Stantec from C$173.00 to C$160.00 in a research report on Tuesday, May 19th. Finally, National Bank Financial cut their price target on shares of Stantec from C$163.00 to C$143.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$150.54.

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.