Stantec Inc. (TSE:STN) Given Consensus Rating of “Buy” by Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Thirteen analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$146.00.

Several brokerages have weighed in on STN. Scotiabank lowered their target price on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th. ATB Cormark Capital Markets raised shares of Stantec from a “hold” rating to a “moderate buy” rating and reduced their price target for the company from C$157.00 to C$130.00 in a research note on Friday, May 15th. Desjardins decreased their price objective on shares of Stantec from C$178.00 to C$171.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada lowered their price objective on shares of Stantec from C$175.00 to C$155.00 in a research report on Friday, May 15th. Finally, Stifel Nicolaus dropped their target price on shares of Stantec from C$160.00 to C$140.00 and set a “buy” rating for the company in a report on Thursday, April 30th.

Insiders Place Their Bets

In other news, Director Douglas Keith Ammerman purchased 681 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of C$97.84 per share, for a total transaction of C$66,629.04. Following the completion of the purchase, the director directly owned 42,512 shares of the company’s stock, valued at approximately C$4,159,374.08. This trade represents a 1.63% increase in their ownership of the stock. Also, Director Clayton Bock purchased 1,485 shares of the stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of C$94.85 per share, with a total value of C$140,852.25. Following the completion of the transaction, the director owned 4,895 shares of the company’s stock, valued at approximately C$464,290.75. This trade represents a 43.55% increase in their ownership of the stock. 0.27% of the stock is owned by corporate insiders.

Stantec Stock Performance

TSE STN opened at C$97.25 on Tuesday. The stock has a market cap of C$11.09 billion, a PE ratio of 22.67, a P/E/G ratio of 1.46 and a beta of 0.71. The company has a current ratio of 1.35, a quick ratio of 1.46 and a debt-to-equity ratio of 76.67. Stantec has a twelve month low of C$94.79 and a twelve month high of C$160.05. The stock has a fifty day simple moving average of C$101.00 and a 200-day simple moving average of C$117.90.

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

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.