Stantec (TSE:STN – Get Rating) (NYSE:STN) had its price target increased by equities researchers at Desjardins from C$87.00 to C$89.00 in a research note issued on Friday, The Fly reports. Desjardins’ target price would indicate a potential upside of 12.79% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. CIBC boosted their target price on shares of Stantec from C$79.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. TD Securities increased their target price on shares of Stantec from C$79.00 to C$93.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Stifel Nicolaus increased their target price on shares of Stantec from C$76.00 to C$86.00 in a research report on Friday, February 24th. ATB Capital upped their price target on Stantec from C$75.00 to C$85.00 in a report on Friday, February 24th. Finally, Royal Bank of Canada upped their price target on Stantec from C$84.00 to C$89.00 in a report on Friday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$87.70.
Stantec Trading Down 1.1 %
Stantec stock traded down C$0.87 during midday trading on Friday, hitting C$78.91. 425,263 shares of the stock were exchanged, compared to its average volume of 262,142. The company has a current ratio of 1.37, a quick ratio of 1.46 and a debt-to-equity ratio of 84.09. The stock has a market capitalization of C$8.75 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 1.46 and a beta of 0.71. The stock’s 50-day simple moving average is C$79.54 and its 200 day simple moving average is C$72.09. Stantec has a fifty-two week low of C$53.12 and a fifty-two week high of C$83.53.
Stantec (TSE:STN – Get Rating) (NYSE:STN) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported C$0.82 EPS for the quarter, beating the consensus estimate of C$0.70 by C$0.12. Stantec had a net margin of 5.54% and a return on equity of 11.52%. The business had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.10 billion. On average, equities analysts anticipate that Stantec will post 3.6869449 EPS for the current year.
Insider Transactions at Stantec
In other news, Director Michael Aloysius Kennedy sold 3,572 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of C$58.21, for a total transaction of C$207,942.55. Following the sale, the director now directly owns 2 shares in the company, valued at C$116.43. Corporate insiders own 0.26% of the company’s stock.
About Stantec
Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.