Stantec (TSE:STN) Raised to “Outperform” at Raymond James

Stantec (TSE:STN) (NYSE:STN) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a C$140.00 target price on the stock, up from their prior target price of C$130.00. Raymond James’ price target indicates a potential upside of 10.58% from the company’s current price.

Several other research analysts have also recently issued reports on the company. CIBC increased their price objective on Stantec from C$134.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group upped their price objective on Stantec from C$135.00 to C$138.00 and gave the stock a “buy” rating in a research note on Wednesday. ATB Capital upped their price objective on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a report on Wednesday. Royal Bank of Canada upped their target price on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus increased their target price on Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stantec currently has an average rating of “Moderate Buy” and an average price target of C$140.33.

Stantec Price Performance

Stantec stock traded up C$6.67 during trading on Wednesday, reaching C$126.60. The company had a trading volume of 504,362 shares, compared to its average volume of 230,142. Stantec has a 1-year low of C$103.48 and a 1-year high of C$126.60. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The firm’s 50-day simple moving average is C$112.05 and its 200 day simple moving average is C$113.28. The firm has a market capitalization of C$14.43 billion, a PE ratio of 42.25, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.

Insider Activity

In other news, Director Vito Culmone acquired 3,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of C$112.03 per share, with a total value of C$336,099.00. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.