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

Stantec (TSE:STN) (NYSE:STN) had its target price raised by research analysts at BMO Capital Markets from C$38.00 to C$39.00 in a research note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 20.89% from the stock’s current price.

STN has been the topic of a number of other reports. Desjardins increased their price target on Stantec from C$39.00 to C$40.00 in a report on Monday. CIBC cut their price target on Stantec from C$38.00 to C$37.00 in a report on Tuesday, January 15th. Raymond James restated a “market perform” rating and set a C$33.00 price target on shares of Stantec in a report on Monday, April 8th. TD Securities increased their price target on Stantec from C$34.00 to C$36.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Canaccord Genuity cut their price target on Stantec from C$40.00 to C$38.00 in a report on Friday, March 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$36.78.

Stantec stock opened at C$32.26 on Monday. The company has a market cap of $3.54 billion and a price-to-earnings ratio of 65.84. Stantec has a 52-week low of C$29.03 and a 52-week high of C$35.04. The company has a current ratio of 1.90, a quick ratio of 1.83 and a debt-to-equity ratio of 96.15.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings results on Thursday, February 28th. The company reported C$0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.40. The business had revenue of C$835.60 million for the quarter, compared to the consensus estimate of C$820.33 million. As a group, sell-side analysts forecast that Stantec will post 2.32000006903906 EPS for the current year.

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.

Featured Story: Stock Selection – What is cash flow?

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.