Stantec Inc. (STN) Given Average Rating of “Hold” by Brokerages

Stantec Inc. (TSE:STN) (NYSE:STN) has earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$36.28.

Several brokerages recently issued reports on STN. TD Securities cut their target price on shares of Stantec from C$38.00 to C$36.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. National Bank Financial downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$39.00 to C$37.00 in a research note on Friday, February 23rd. Raymond James Financial cut their target price on shares of Stantec from C$41.00 to C$37.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Royal Bank of Canada cut their target price on shares of Stantec from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Finally, Canaccord Genuity cut their target price on shares of Stantec from C$36.00 to C$31.00 in a research note on Friday, February 23rd.

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TSE:STN traded up C$0.02 during mid-day trading on Thursday, hitting C$31.52. The stock had a trading volume of 32,854 shares, compared to its average volume of 305,750. Stantec has a twelve month low of C$30.24 and a twelve month high of C$37.13.

Stantec (TSE:STN) (NYSE:STN) last issued 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 net margin of 1.40% and a return on equity of 2.39%. The firm had revenue of C$805.00 million during the quarter, compared to analyst estimates of C$861.63 million.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders 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 yield of 1.75%. The ex-dividend date is Wednesday, March 28th.

In related news, Director Scott Lynn Murray purchased 4,000 shares of the stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of C$25.15 per share, with a total value of C$100,600.00. Also, Director Valentino Dimanno purchased 1,552 shares of the stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of C$32.20 per share, for a total transaction of C$49,974.40. Over the last three months, insiders acquired 6,437 shares of company stock worth $175,332.

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About Stantec

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.

Analyst Recommendations for Stantec (TSE:STN)

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