Stantec (TSE:STN) Reaches New 12-Month High at $117.40

Stantec Inc. (TSE:STN) (NYSE:STN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$117.40 and last traded at C$117.00, with a volume of 26395 shares. The stock had previously closed at C$116.52.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on STN shares. Scotiabank increased their price target on Stantec from C$119.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their price target on Stantec from C$127.00 to C$128.00 in a research report on Friday, May 10th. Stifel Nicolaus increased their price target on Stantec from C$130.00 to C$132.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Royal Bank of Canada raised their target price on Stantec from C$123.00 to C$125.00 in a report on Friday, May 10th. Finally, National Bankshares raised their target price on Stantec from C$126.00 to C$128.00 in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$120.85.

Stantec Stock Up 0.6 %

The company has a market capitalization of C$13.37 billion, a P/E ratio of 37.71, a PEG ratio of 1.46 and a beta of 0.87. The company has a current ratio of 1.34, a quick ratio of 1.46 and a debt-to-equity ratio of 75.54. The stock has a 50 day moving average price of C$112.10 and a 200 day moving average price of C$110.70.

Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.90 EPS for the quarter, beating analysts’ consensus estimates of C$0.86 by C$0.04. Stantec had a return on equity of 13.32% and a net margin of 6.64%. The company had revenue of C$1.37 billion during the quarter, compared to analysts’ expectations of C$1.36 billion. On average, research analysts anticipate that Stantec Inc. will post 4.2953046 earnings per share for the current fiscal year.

Stantec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, June 28th. Stantec’s dividend payout ratio is currently 27.18%.

Insider Buying and Selling

In related news, Director Catherine Margaret Schefer bought 605 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average cost of C$114.22 per share, with a total value of C$69,102.50. 0.26% of the stock is owned by corporate insiders.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.