Stantec (STN) Price Target Raised to C$40.00

Stantec (TSE:STN) (NYSE:STN) had its target price boosted by research analysts at Desjardins from C$39.00 to C$40.00 in a report issued on Monday, BayStreet.CA reports. Desjardins’ target price would indicate a potential upside of 24.57% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. TD Securities boosted their target price on shares of Stantec from C$34.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Raymond James reduced their target price on shares of Stantec from C$35.50 to C$33.00 and set a “market perform” rating for the company in a report on Monday, March 4th. Royal Bank of Canada reduced their target price on shares of Stantec from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. National Bank Financial reduced their target price on shares of Stantec from C$34.00 to C$31.50 and set a “sector perform” rating for the company in a report on Friday, March 1st. Finally, Canaccord Genuity reduced their target price on shares of Stantec from C$40.00 to C$38.00 in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$36.78.

Shares of STN stock traded up C$0.50 on Monday, hitting C$32.11. The stock had a trading volume of 201,076 shares, compared to its average volume of 159,670. The company has a debt-to-equity ratio of 48.92, a current ratio of 1.91 and a quick ratio of 1.83. The company has a market capitalization of $3.54 billion and a P/E ratio of 77.00. Stantec has a one year low of C$29.03 and a one year high of C$35.04.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Thursday, February 28th. The company reported C$0.40 earnings per share for the quarter, meeting the consensus estimate of C$0.40. The firm had revenue of C$835.60 million during the quarter, compared to the consensus estimate of C$820.33 million. On average, analysts anticipate that Stantec will post 2.3199997182543 earnings per share for the current fiscal year.

About Stantec

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.

Featured Story: Understanding Specialty Certificates of Deposit

Analyst Recommendations for Stantec (TSE:STN)

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.