Stantec (TSE:STN) (NYSE:STN) had its price objective cut by Royal Bank of Canada from C$36.00 to C$32.00 in a report released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other analysts have also issued research reports about the stock. Desjardins boosted their price objective on shares of Stantec from C$39.00 to C$40.00 in a research report on Monday, May 13th. BMO Capital Markets cut their price objective on shares of Stantec from C$39.00 to C$37.00 in a research report on Friday. National Bank Financial boosted their price objective on shares of Stantec to C$31.00 and gave the stock a sector perform rating in a research report on Monday, May 13th. Finally, Raymond James reissued a market perform rating and issued a C$35.00 price objective on shares of Stantec in a research report on Monday, June 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of C$34.67.
Shares of STN stock traded down C$0.44 during trading on Friday, reaching C$28.50. The company’s stock had a trading volume of 1,795,900 shares, compared to its average volume of 182,336. The firm’s fifty day moving average is C$31.44. The company has a current ratio of 1.90, a quick ratio of 1.83 and a debt-to-equity ratio of 96.15. The stock has a market capitalization of $3.18 billion and a P/E ratio of 58.16. Stantec has a one year low of C$26.67 and a one year high of C$35.04.
Stantec (TSE:STN) (NYSE:STN) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.45. The business had revenue of C$904.10 million during the quarter, compared to the consensus estimate of C$892.80 million. On average, equities analysts forecast that Stantec will post 2.3800001 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio (DPR) is currently 115.31%.
In other Stantec news, Director Jeffrey Philip Stone sold 3,000 shares of the company’s stock in a transaction 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 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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