Stantec Inc. (TSE:STN – Get Free Report) (NYSE:STN) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$94.30.
Several research firms have recently weighed in on STN. Scotiabank set a C$99.00 price objective on shares of Stantec and gave the company a “sector perform” rating in a report on Tuesday. BMO Capital Markets boosted their target price on shares of Stantec from C$88.00 to C$90.00 in a research note on Friday, May 12th. Desjardins raised their price target on Stantec from C$87.00 to C$89.00 in a research note on Friday, May 12th. Royal Bank of Canada upped their price objective on Stantec from C$89.00 to C$96.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, TD Securities increased their target price on Stantec from C$93.00 to C$105.00 and gave the company a “buy” rating in a report on Friday, August 11th.
Stantec Stock Performance
Stantec (TSE:STN – Get Free Report) (NYSE:STN) last issued its quarterly earnings results on Wednesday, August 9th. The company reported C$0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.94 by C$0.05. The company had revenue of C$1.28 billion during the quarter, compared to analysts’ expectations of C$1.23 billion. Stantec had a net margin of 6.14% and a return on equity of 13.54%. On average, analysts anticipate that Stantec will post 4.0703405 EPS for the current fiscal year.
Stantec Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, September 28th. Stantec’s dividend payout ratio is currently 29.43%.
About Stantec
Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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