Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$36.28.
Several analysts have recently commented on STN shares. CIBC raised their price target on Stantec from C$37.00 to C$38.00 in a report on Monday, November 13th. Desjardins raised their price target on Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. National Bank Financial reduced their price target on Stantec from C$42.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, December 1st. Royal Bank of Canada reduced their price target on Stantec from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. Finally, Raymond James Financial reduced their price target on Stantec from C$41.00 to C$37.00 and set an “outperform” rating for the company in a report on Friday, February 23rd.
Shares of Stantec (TSE STN) traded up C$0.16 during mid-day trading on Friday, hitting C$32.93. The company’s stock had a trading volume of 275,800 shares, compared to its average volume of 399,697. Stantec has a one year low of C$30.24 and a one year high of C$37.13. The stock has a market cap of $3,750.00, a P/E ratio of 38.74 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be issued a $0.138 dividend. This is a boost from Stantec’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, March 28th. Stantec’s dividend payout ratio (DPR) is currently 58.82%.
In other news, Director Valentino Dimanno acquired 1,552 shares of Stantec stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of C$32.20 per share, with a total value of C$49,974.40. Also, Director Carl Frank Clayton sold 10,000 shares of Stantec stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total value of C$351,000.00. Insiders bought a total of 6,052 shares of company stock valued at $163,189 over the last three months.
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Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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