Stantec Inc. (TSE:STN) Receives C$34.67 Consensus Target Price from Brokerages

Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$34.67.

Several brokerages recently commented on STN. Canaccord Genuity lowered Stantec from a “buy” rating to a “hold” rating and cut their target price for the company from C$38.00 to C$31.00 in a research report on Friday, August 9th. National Bank Financial cut their price target on Stantec from C$31.00 to C$30.50 and set a “sector perform” rating on the stock in a report on Friday, August 9th. TD Securities cut their price target on Stantec from C$36.00 to C$33.00 and set a “hold” rating on the stock in a report on Friday, August 9th. CIBC cut their price target on Stantec from C$37.00 to C$35.00 in a report on Friday, August 9th. Finally, Raymond James cut their price target on Stantec from C$35.00 to C$34.50 and set a “market perform” rating on the stock in a report on Friday, August 9th.

In other Stantec news, Director Jeffrey Philip Stone sold 1,360 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$28.38, for a total value of C$38,592.85. Following the transaction, the director now owns 641 shares in the company, valued at C$18,189.72.

Shares of Stantec stock traded up C$0.07 on Friday, hitting C$29.93. 163,720 shares of the company’s stock traded hands, compared to its average volume of 192,619. Stantec has a one year low of C$26.67 and a one year high of C$35.04. The company has a debt-to-equity ratio of 90.81, a current ratio of 1.85 and a quick ratio of 1.78. The company has a fifty day moving average of C$29.25 and a two-hundred day moving average of C$31.33. The company has a market capitalization of $3.34 billion and a price-to-earnings ratio of 51.84.

Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Wednesday, August 7th. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.59 by C($0.09). The company had revenue of C$953.60 million during the quarter, compared to the consensus estimate of C$945.00 million. Equities research analysts anticipate that Stantec will post 2.2799999 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.145 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.58 annualized dividend and a yield of 1.94%. Stantec’s payout ratio is currently 98.09%.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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