Stantec (TSE:STN) Price Target Lowered to C$30.50 at National Bank Financial

Stantec (TSE:STN) (NYSE:STN) had its price objective cut by National Bank Financial from C$31.00 to C$30.50 in a report published on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets dropped their price target on Stantec from C$39.00 to C$37.00 in a research note on Friday. Royal Bank of Canada dropped their price target on Stantec from C$36.00 to C$32.00 and set a sector perform rating on the stock in a research note on Friday. Canaccord Genuity downgraded Stantec from a buy rating to a hold rating and dropped their price target for the company from C$38.00 to C$31.00 in a research note on Friday. CIBC dropped their price target on Stantec from C$37.00 to C$35.00 in a research note on Friday. Finally, Raymond James reiterated a market perform rating and set a C$35.00 price target on shares of Stantec in a research note on Monday, June 17th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stantec presently has a consensus rating of Hold and an average price target of C$34.67.

Stantec stock traded down C$0.44 during trading hours on Friday, hitting C$28.50. 1,795,900 shares of the stock traded hands, compared to its average volume of 182,336. The company has a debt-to-equity ratio of 96.15, a current ratio of 1.90 and a quick ratio of 1.83. The firm’s 50 day moving average price is C$31.44. The firm has a market capitalization of $3.18 billion and a PE ratio of 58.16. Stantec has a 1 year low of C$26.67 and a 1 year high of C$35.04.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.45. The firm had revenue of C$904.10 million for the quarter, compared to analysts’ expectations of C$892.80 million. Sell-side analysts expect that Stantec will post 2.3800001 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.04%. Stantec’s payout ratio is 115.31%.

In other news, Director Jeffrey Philip Stone sold 3,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$32.26, for a total value of C$96,774.00.

Stantec Company Profile

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (TSE:STN)

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