Raymond James Boosts Stantec (STN) Price Target to C$35.00

Stantec (TSE:STN) (NYSE:STN) had its target price increased by Raymond James from C$33.00 to C$35.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other research firms also recently commented on STN. National Bank Financial upped their price objective on Stantec to C$31.00 and gave the company a sector perform rating in a research note on Monday. BMO Capital Markets upped their price objective on Stantec from C$38.00 to C$39.00 in a research note on Monday. Desjardins upped their price objective on Stantec from C$39.00 to C$40.00 in a research note on Monday. Royal Bank of Canada dropped their price objective on Stantec from C$38.00 to C$36.00 and set a sector perform rating on the stock in a research note on Friday, March 1st. Finally, TD Securities upped their price objective on Stantec from C$34.00 to C$36.00 and gave the company a hold rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$36.78.

Shares of TSE STN opened at C$32.00 on Monday. Stantec has a twelve month low of C$29.03 and a twelve month high of C$35.04. The company has a market capitalization of $3.54 billion and a PE ratio of 76.74. The company has a current ratio of 1.91, a quick ratio of 1.83 and a debt-to-equity ratio of 48.92.



Stantec (TSE:STN) (NYSE:STN) last announced its earnings results on Thursday, February 28th. The company reported C$0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.40. The business had revenue of C$835.60 million during the quarter, compared to analysts’ expectations of C$820.33 million. On average, analysts forecast that Stantec will post 2.3199997182543 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.58 annualized dividend and a yield of 1.81%. Stantec’s payout ratio is 133.69%.

Stantec Company Profile

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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