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

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$120.15.

STN has been the subject of a number of research analyst reports. TD Securities lifted their price target on Stantec from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Atb Cap Markets cut Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th. National Bankshares lifted their price target on Stantec from C$116.00 to C$126.00 and gave the company an “outperform” rating in a report on Friday, March 1st. BMO Capital Markets boosted their price objective on Stantec from C$118.00 to C$126.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Raymond James boosted their price objective on Stantec from C$120.00 to C$125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st.

Insider Transactions at Stantec

In other Stantec news, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. Corporate insiders own 0.27% of the company’s stock.

Stantec Stock Up 0.7 %

Shares of TSE:STN opened at C$110.60 on Wednesday. Stantec has a 52 week low of C$77.00 and a 52 week high of C$118.39. The company has a debt-to-equity ratio of 62.82, a quick ratio of 1.46 and a current ratio of 1.41. The company’s fifty day moving average is C$112.46 and its 200-day moving average is C$103.31. The company has a market capitalization of C$12.62 billion, a PE ratio of 37.11, a P/E/G ratio of 1.46 and a beta of 0.87.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.86 by C($0.04). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The business had revenue of C$1.24 billion during the quarter, compared to the consensus estimate of C$1.22 billion. Equities research analysts predict that Stantec will post 4.2454998 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.21 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, March 27th. Stantec’s payout ratio is presently 28.19%.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.