Stantec (TSE:STN – Get Free Report) NYSE: STN was downgraded by equities research analysts at ATB Capital from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, BayStreet.CA reports. They presently have a C$120.00 price target on the stock, up from their prior price target of C$115.00. ATB Capital’s price objective suggests a potential upside of 8.36% from the company’s current price.
Several other brokerages have also commented on STN. Atb Cap Markets upgraded Stantec from a “sector perform” rating to an “outperform” rating in a research report on Sunday, November 12th. Canaccord Genuity Group boosted their target price on Stantec from C$97.00 to C$110.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Stifel Nicolaus boosted their target price on Stantec from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. CIBC boosted their target price on Stantec from C$111.00 to C$116.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, Raymond James boosted their target price on Stantec from C$105.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$119.15.
Stantec Stock Down 2.3 %
STN stock traded down C$2.58 during midday trading on Friday, hitting C$110.74. 293,093 shares of the company’s stock were exchanged, compared to its average volume of 265,718. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 82.07. Stantec has a 12-month low of C$75.31 and a 12-month high of C$118.39. The firm has a 50 day moving average price of C$108.64 and a 200-day moving average price of C$97.81. The stock has a market capitalization of C$12.63 billion, a price-to-earnings ratio of 37.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88.
Stantec (TSE:STN – Get Free Report) NYSE: STN last issued its earnings results on Wednesday, February 28th. The company reported C$0.82 EPS for the quarter, missing the consensus estimate of C$0.86 by C($0.04). The firm had revenue of C$1.24 billion during the quarter, compared to analyst estimates of C$1.22 billion. Stantec had a return on equity of 14.18% and a net margin of 6.67%. On average, analysts anticipate that Stantec will post 4.3106759 EPS for the current year.
Insider Buying and Selling at Stantec
In other news, Director Gordon Allan Johnston bought 10,250 shares of the stock in a transaction on Thursday, December 21st. The shares were purchased at an average price of C$104.15 per share, for a total transaction of C$1,067,537.50. Corporate insiders own 0.27% of the company’s stock.
Stantec Company Profile
Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients 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.