Stantec (TSE:STN) Raised to “Strong-Buy” at Canaccord Genuity Group

Stantec (TSE:STN) (NYSE:STN) was upgraded by analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

Several other research firms have also recently commented on STN. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$125.00 to C$120.00 in a research report on Thursday, August 8th. Scotiabank upgraded Stantec to a “strong-buy” rating in a report on Friday, October 25th. BMO Capital Markets lifted their target price on Stantec from C$128.00 to C$131.00 in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price target on Stantec from C$130.00 to C$145.00 in a research report on Friday, October 4th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Stantec currently has a consensus rating of “Moderate Buy” and an average price target of C$124.33.

Stantec Price Performance

TSE STN opened at C$115.55 on Friday. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39. The stock has a market cap of C$13.18 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.46 and a beta of 0.82. The business has a 50 day simple moving average of C$111.32 and a 200 day simple moving average of C$112.71. Stantec has a 52-week low of C$92.40 and a 52-week high of C$122.57.

Insider Activity at Stantec

In related news, Director Asifa Samji purchased 300 shares of the stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of C$109.75 per share, for a total transaction of C$32,925.00. Following the completion of the acquisition, the director now owns 840 shares of the company’s stock, valued at approximately C$92,190. This represents a 0.00 % increase in their ownership of the stock. In other Stantec news, Director Vito Culmone purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of C$112.97 per share, for a total transaction of C$225,940.00. Also, Director Asifa Samji purchased 300 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of C$109.75 per share, for a total transaction of C$32,925.00. Following the acquisition, the director now owns 840 shares of the company’s stock, valued at C$92,190. This trade represents a 0.00 % increase in their position. In the last three months, insiders have purchased 2,445 shares of company stock valued at $274,636. 0.27% of the stock is owned by insiders.

Stantec Company Profile

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.