Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$36.28.
Several analysts recently commented on the stock. CIBC increased their price objective on shares of Stantec from C$38.00 to C$39.00 and gave the company a “neutral” rating in a research report on Tuesday, January 16th. National Bank Financial cut their price objective on shares of Stantec from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, December 1st. Royal Bank of Canada cut their price objective on shares of Stantec from C$40.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Friday, February 23rd. Raymond James Financial cut their price objective on shares of Stantec from C$41.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, TD Securities cut their price objective on shares of Stantec from C$38.00 to C$36.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd.
In other news, Director Russell Edward Wlad sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of C$35.57, for a total value of C$355,700.00. Also, Director Valentino Dimanno acquired 1,552 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of C$32.20 per share, for a total transaction of C$49,974.40. Insiders have acquired a total of 6,052 shares of company stock worth $163,189 in the last 90 days.
Stantec (STN) traded up C$0.04 during trading hours on Friday, hitting C$33.06. 36,537 shares of the stock were exchanged, compared to its average volume of 313,501. The stock has a market cap of $3,760.00, a P/E ratio of 38.85 and a beta of 1.26. Stantec has a 12-month low of C$30.24 and a 12-month high of C$37.13.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.55 annualized dividend and a yield of 1.67%. This is a boost from Stantec’s previous quarterly dividend of $0.13. Stantec’s dividend payout ratio is currently 58.82%.
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Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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