Stantec (TSE:STN) Given New C$120.00 Price Target at Scotiabank

Stantec (TSE:STN) (NYSE:STN) had its price target increased by equities researchers at Scotiabank from C$119.00 to C$120.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 5.60% from the stock’s previous close.

Several other brokerages also recently issued reports on STN. National Bankshares raised their price objective on shares of Stantec from C$116.00 to C$126.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. TD Securities raised their price objective on shares of Stantec from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Stifel Nicolaus lifted their price target on shares of Stantec from C$130.00 to C$132.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity Group lifted their price target on shares of Stantec from C$110.00 to C$120.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada lifted their price target on shares of Stantec from C$121.00 to C$123.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$120.46.

Stantec Trading Up 2.7 %

STN traded up C$2.98 on Thursday, hitting C$113.64. The company had a trading volume of 133,251 shares, compared to its average volume of 260,341. The company has a market cap of C$12.96 billion, a PE ratio of 38.13, a PEG ratio of 1.46 and a beta of 0.87. Stantec has a 12-month low of C$77.00 and a 12-month high of C$118.39. The company has a quick ratio of 1.46, a current ratio of 1.41 and a debt-to-equity ratio of 62.82. The business’s fifty day simple moving average is C$112.34 and its 200 day simple moving average is C$104.82.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly 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 company had revenue of C$1.24 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. Stantec had a return on equity of 13.14% and a net margin of 6.54%. Equities research analysts expect that Stantec will post 4.2454998 EPS for the current year.

Insiders Place Their Bets

In other news, Director Steve Marvin Fleck sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$116.02, for a total transaction of C$232,040.00. Corporate insiders own 0.27% of the company’s stock.

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.