Desjardins Increases Stantec (STN) Price Target to C$40.00

Stantec (TSE:STN) (NYSE:STN) had its price target raised by Desjardins from C$39.00 to C$40.00 in a report published on Monday, BayStreet.CA reports. Desjardins also issued estimates for Stantec’s Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.40 EPS and FY2021 earnings at $2.74 EPS.

Several other research firms have also weighed in on STN. National Bank Financial reduced their target price on shares of Stantec from C$34.00 to C$31.50 and set a sector perform rating on the stock in a report on Friday, March 1st. Royal Bank of Canada reduced their target price on shares of Stantec from C$38.00 to C$36.00 and set a sector perform rating on the stock in a report on Friday, March 1st. Canaccord Genuity reduced their target price on shares of Stantec from C$40.00 to C$38.00 in a report on Friday, March 1st. Raymond James reduced their target price on shares of Stantec from C$35.50 to C$33.00 and set a market perform rating on the stock in a report on Monday, March 4th. Finally, TD Securities lifted their target price on shares of Stantec from C$34.00 to C$36.00 and gave the company a hold rating in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of C$36.78.

TSE:STN opened at C$32.96 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.83 and a debt-to-equity ratio of 96.15. The firm has a market cap of $3.68 billion and a P/E ratio of 67.27. Stantec has a twelve month low of C$29.03 and a twelve month high of C$35.04.



Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, February 28th. The company reported C$0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.40. The business had revenue of C$835.60 million for the quarter, compared to analyst estimates of C$820.33 million. Sell-side analysts forecast that Stantec will post 2.32000006903906 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.58 annualized dividend and a dividend yield of 1.76%. Stantec’s payout ratio is 113.78%.

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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