Stantec (STN) Price Target Raised to C$40.00 at BMO Capital Markets

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Stantec (TSE:STN) (NYSE:STN) had its price target upped by BMO Capital Markets from C$38.00 to C$40.00 in a report released on Thursday morning.

Several other equities research analysts also recently issued reports on the stock. CIBC downgraded shares of Stantec from an outperform rating to a neutral rating in a research note on Thursday, July 5th. TD Securities raised their target price on shares of Stantec from C$36.00 to C$38.00 and gave the company a hold rating in a research note on Friday, May 11th. National Bank Financial cut their target price on shares of Stantec from C$37.00 to C$35.00 in a research note on Friday, May 11th. Finally, Canaccord Genuity raised their target price on shares of Stantec from C$33.00 to C$34.00 in a research note on Friday, May 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Stantec presently has an average rating of Buy and a consensus price target of C$37.45.

Stantec stock opened at C$33.63 on Thursday. Stantec has a one year low of C$30.97 and a one year high of C$37.13.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Thursday, May 10th. The company reported C$0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.45 by C($0.03). Stantec had a net margin of 1.40% and a return on equity of 2.39%. The firm had revenue of C$876.60 million during the quarter, compared to analyst estimates of C$886.98 million.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Shareholders of record on Friday, September 28th will be issued a $0.138 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.55 annualized dividend and a yield of 1.64%.

In other Stantec news, Director Paul Jeremy David Alpern sold 10,000 shares of the stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of C$34.05, for a total value of C$340,500.00. Also, Director Steve Marvin Fleck purchased 2,400 shares of the stock in a transaction on Friday, May 18th. The stock was bought at an average cost of C$32.92 per share, for a total transaction of C$79,008.00.

About Stantec

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.

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Analyst Recommendations for Stantec (TSE:STN)

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