A number of research firms have changed their ratings and price targets for Stantec (TSE: STN):

  • 8/9/2019 – Stantec had its price target lowered by analysts at National Bank Financial from C$31.00 to C$30.50. They now have a “sector perform” rating on the stock.
  • 8/9/2019 – Stantec had its price target lowered by analysts at Royal Bank of Canada from C$36.00 to C$32.00. They now have a “sector perform” rating on the stock.
  • 8/9/2019 – Stantec had its price target lowered by analysts at Raymond James from C$35.00 to C$34.50. They now have a “market perform” rating on the stock.
  • 8/9/2019 – Stantec had its price target lowered by analysts at TD Securities from C$36.00 to C$33.00. They now have a “hold” rating on the stock.
  • 8/9/2019 – Stantec was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a C$31.00 price target on the stock, down previously from C$38.00.
  • 8/9/2019 – Stantec had its price target lowered by analysts at CIBC from C$37.00 to C$35.00.
  • 8/9/2019 – Stantec had its price target lowered by analysts at BMO Capital Markets from C$39.00 to C$37.00.
  • 6/17/2019 – Stantec had its “market perform” rating reaffirmed by analysts at Raymond James. They now have a C$35.00 price target on the stock.

TSE:STN traded down C$0.02 during mid-day trading on Tuesday, reaching C$28.77. 1,069,437 shares of the company’s stock were exchanged, compared to its average volume of 191,860. Stantec Inc. has a one year low of C$26.67 and a one year high of C$35.04. The stock has a market capitalization of $3.18 billion and a price-to-earnings ratio of 58.71. The business’s fifty day moving average is C$31.23. The company has a quick ratio of 1.83, a current ratio of 1.90 and a debt-to-equity ratio of 96.15.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, September 27th. Stantec’s dividend payout ratio is 115.31%.

In related news, Director Jeffrey Philip Stone sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$32.26, for a total transaction of C$96,774.00.

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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