Stantec (TSE:STN) (NYSE:STN) has received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$36.50.
A number of equities research analysts recently weighed in on the company. CIBC lowered their price target on Stantec from C$39.00 to C$36.00 in a report on Friday, February 23rd. TD Securities lowered their price target on Stantec from C$38.00 to C$36.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Laurentian lowered their price target on Stantec from C$36.50 to C$34.50 in a report on Friday, February 23rd. Raymond James lowered their price target on Stantec from C$41.00 to C$37.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Canaccord Genuity lowered their price target on Stantec from C$36.00 to C$31.00 in a report on Friday, February 23rd.
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TSE STN traded up C$0.04 on Monday, hitting C$32.64. 236,600 shares of the company’s stock were exchanged, compared to its average volume of 280,283. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13.
Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Thursday, February 22nd. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.46 by C($0.14). Stantec had a return on equity of 2.39% and a net margin of 1.40%. The business had revenue of C$805.00 million for the quarter, compared to analyst estimates of C$861.63 million.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Thursday, March 29th were issued a $0.138 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Stantec’s previous quarterly dividend of $0.13.
In related news, Director Valentino Dimanno bought 1,552 shares of the stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of C$32.20 per share, for a total transaction of C$49,974.40. Also, Director Scott Lynn Murray bought 4,000 shares of the stock in a transaction on Friday, March 2nd. The shares were bought at an average price of C$25.15 per share, for a total transaction of C$100,600.00. In the last 90 days, insiders purchased 6,437 shares of company stock worth $175,332.
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.