Stantec Inc. (TSE:STN) (NYSE:STN) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$36.44.

STN has been the subject of several research reports. TD Securities upped their price target on shares of Stantec from C$34.00 to C$36.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Canaccord Genuity reduced their price target on shares of Stantec from C$40.00 to C$38.00 in a research report on Friday, March 1st. Royal Bank of Canada reduced their price target on shares of Stantec from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Raymond James reduced their price target on shares of Stantec from C$35.50 to C$33.00 and set a “market perform” rating for the company in a research report on Monday, March 4th. Finally, National Bank Financial reduced their price target on shares of Stantec from C$34.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Friday, March 1st.

Shares of Stantec stock traded up C$0.01 during trading hours on Tuesday, hitting C$33.19. The company had a trading volume of 109,768 shares, compared to its average volume of 150,170. Stantec has a twelve month low of C$29.03 and a twelve month high of C$35.04. The company has a current ratio of 1.91, a quick ratio of 1.83 and a debt-to-equity ratio of 48.92. The stock has a market cap of $3.67 billion and a price-to-earnings ratio of 79.59.

Stantec (TSE:STN) (NYSE:STN) last issued its earnings results on Thursday, February 28th. The company reported C$0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.40. The company had revenue of C$835.60 million during the quarter, compared to analyst estimates of C$820.33 million. On average, analysts forecast that Stantec will post 2.31857308306441 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.145 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.75%. This is an increase from Stantec’s previous quarterly dividend of $0.14. Stantec’s dividend payout ratio is presently 131.89%.

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.

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Analyst Recommendations for Stantec (TSE:STN)

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