Stantec (TSE:STN) (NYSE:STN) had its price objective lowered by CIBC from C$37.00 to C$35.00 in a research report released on Friday morning, BayStreet.CA reports.
A number of other research firms also recently commented on STN. BMO Capital Markets dropped their price objective on Stantec from C$39.00 to C$37.00 in a report 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. Desjardins raised their price target on Stantec from C$39.00 to C$40.00 in a research note on Monday, May 13th. Raymond James restated a market perform rating and set a C$35.00 price target on shares of Stantec in a research note on Monday, June 17th. Finally, National Bank Financial raised their price target on Stantec to C$31.00 and gave the stock a sector perform rating in a research note on Monday, May 13th. Six analysts have rated the stock with a hold rating and two have assigned 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.
STN opened at C$28.79 on Friday. Stantec has a one year low of C$26.67 and a one year high of C$35.04. The stock has a market cap of $3.18 billion and a P/E ratio of 58.76. 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 firm has a 50-day simple moving average of C$31.23.
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.58 dividend on an annualized basis and a yield of 2.01%. Stantec’s payout ratio is 115.31%.
In other Stantec news, Director Jeffrey Philip Stone sold 3,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was 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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