Insider Buying: Stantec (TSE:STN) Director Purchases C$140,852.25 in Stock

Stantec Inc. (TSE:STN) (NYSE:STN) Director Clayton Bock purchased 1,485 shares of Stantec stock in a transaction on Friday, June 26th. The stock was bought at an average cost of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the acquisition, the director owned 4,895 shares in the company, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock.

Stantec Stock Performance

Stantec stock opened at C$98.23 on Monday. The business has a 50 day moving average price of C$109.04 and a two-hundred day moving average price of C$121.53. 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 Inc. has a 12 month low of C$94.79 and a 12 month high of C$160.05. The stock has a market cap of C$11.20 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on STN. National Bank Financial cut their price target on Stantec from C$163.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Stifel Nicolaus dropped their price objective on Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th. ATB Cormark Capital Markets upgraded shares of Stantec from a “hold” rating to a “moderate buy” rating and cut their target price for the company from C$157.00 to C$130.00 in a research report on Friday, May 15th. BMO Capital Markets reduced their target price on shares of Stantec from C$175.00 to C$154.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. Finally, Desjardins lowered their price target on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$150.54.

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.