BMO Capital Markets Boosts Stantec (STN) Price Target to C$39.00

Stantec (TSE:STN) (NYSE:STN) had its target price hoisted by BMO Capital Markets from C$38.00 to C$39.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Desjardins raised their target price on shares of Stantec from C$39.00 to C$40.00 in a report on Monday. Canaccord Genuity dropped their target price on shares of Stantec from C$40.00 to C$38.00 in a report on Friday, March 1st. CIBC lowered their price target on shares of Stantec from C$38.00 to C$37.00 in a report on Tuesday, January 15th. TD Securities lifted their price target 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. Finally, Raymond James reiterated a market perform rating and set a C$33.00 price target on shares of Stantec in a report on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Stantec has a consensus rating of Hold and an average target price of C$36.78.

TSE:STN opened at C$33.03 on Monday. The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 96.15. Stantec has a twelve month low of C$29.03 and a twelve month high of C$35.04. The stock has a market cap of $3.68 billion and a price-to-earnings ratio of 67.41.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Thursday, February 28th. The company reported C$0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.40. The business had revenue of C$835.60 million for the quarter, compared to analysts’ expectations of C$820.33 million. On average, research analysts forecast that Stantec will post 2.32000006903906 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.76%. Stantec’s dividend payout ratio (DPR) is presently 113.78%.

Stantec Company Profile

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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Analyst Recommendations for Stantec (TSE:STN)

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