Stantec (TSE:STN) (NYSE:STN) had its price objective reduced by analysts at National Bank Financial from C$31.00 to C$30.50 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 6.27% from the company’s previous close.
A number of other equities analysts have also commented on the stock. Canaccord Genuity lowered shares of Stantec from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$38.00 to C$31.00 in a research report on Friday. Royal Bank of Canada reduced their target price on shares of Stantec from C$36.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Friday. Desjardins raised their target price on shares of Stantec from C$39.00 to C$40.00 in a research report on Monday, May 13th. BMO Capital Markets reduced their target price on shares of Stantec from C$39.00 to C$37.00 in a research report on Friday. Finally, CIBC reduced their target price on shares of Stantec from C$37.00 to C$35.00 in a research report on Friday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Stantec presently has a consensus rating of “Hold” and an average price target of C$34.67.
Shares of TSE:STN traded down C$0.24 during trading on Friday, reaching C$28.70. 1,520,137 shares of the company were exchanged, compared to its average volume of 180,202. The company has a market capitalization of $3.26 billion and a price-to-earnings ratio of 58.37. The business’s fifty day simple moving average is C$31.53. Stantec has a 12-month low of C$26.67 and a 12-month high of C$35.04. The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 96.15.
Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Thursday, May 9th. The company reported C$0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.45. The company had revenue of C$904.10 million for the quarter, compared to analysts’ expectations of C$892.80 million. On average, sell-side analysts expect that Stantec will post 2.3800001 EPS for the current fiscal year.
In related news, Director Jeffrey Philip Stone sold 3,000 shares of Stantec stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$32.26, for a total transaction 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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