Stantec (TSE:STN) Sets New 52-Week High at $117.06

Stantec Inc. (TSE:STNGet Free Report) (NYSE:STN) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$117.06 and last traded at C$116.43, with a volume of 95983 shares. The stock had previously closed at C$114.93.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Stantec from C$118.00 to C$126.00 and gave the company an “outperform” rating in a report on Monday, March 4th. TD Securities increased their price target on Stantec from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Atb Cap Markets downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 29th. 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. Finally, Scotiabank lifted their price objective on shares of Stantec from C$116.00 to C$119.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$120.15.

Check Out Our Latest Research Report on Stantec

Stantec Stock Performance

The stock has a market cap of C$13.30 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. 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 firm’s 50-day moving average is C$111.01 and its two-hundred day moving average is C$100.21.

Stantec (TSE:STNGet Free Report) (NYSE:STN) last issued its 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). Stantec had a net margin of 6.54% and a return on equity of 13.14%. The firm had revenue of C$1.24 billion during the quarter, compared to analyst estimates of C$1.22 billion. As a group, research analysts expect that Stantec Inc. will post 4.2467057 EPS for the current year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.72%. This is an increase from Stantec’s previous quarterly dividend of $0.20. Stantec’s dividend payout ratio is 28.19%.

Insider Activity at Stantec

In other news, Director Steve Marvin Fleck sold 2,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total transaction of C$232,040.00. In related news, Director Gordon Allan Johnston acquired 10,250 shares of the stock in a transaction dated Thursday, December 21st. The stock was bought at an average cost of C$104.15 per share, for a total transaction of C$1,067,537.50. Also, Director Steve Marvin Fleck sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$116.02, for a total value of C$232,040.00. 0.27% of the stock is owned by company insiders.

About Stantec

(Get Free Report)

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.

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