Analysts Set Stantec Inc. (TSE:STN) Price Target at C$123.50

As of November 6, 2024, Stantec Inc. (TSE:STN – Get Free Report) has been assigned an average price target of C$123.50 by analysts tracking the stock. This assessment comes from thirteen research firms, all of which have provided insights into the stock's performance. The consensus among these analysts is a "Moderate Buy," with a mix of recommendations including four hold ratings, eight buy ratings, and one strong buy rating.

Several prominent research firms have recently updated their perspectives on Stantec. BMO Capital Markets increased their price target from C$128.00 to C$131.00 in a report published on July 24. Meanwhile, Stifel Nicolaus made a more significant adjustment, raising their target from C$130.00 to C$145.00 on October 4. On the other hand, Raymond James adjusted their outlook by downgrading their rating on Stantec from "outperform" to "market perform" and reducing their price target from C$125.00 to C$120.00 on August 8. In a more positive turn, Scotiabank upgraded Stantec to a "strong-buy" status on October 25. Additionally, Canaccord Genuity Group raised their price objective from C$120.00 to C$125.00, while maintaining a hold rating for the company on October 15.

Stantec Stock Performance

As of the last trading session, Stantec shares opened at C$115.35. The company has experienced fluctuations in its stock price over the past year, hitting a low of C$85.01 and a high of C$122.57. Currently, the stock is navigating around a 50-day simple moving average of C$111.20 and a 200-day simple moving average of C$112.60. Stantec also displays a debt-to-equity ratio of 80.74, a quick ratio of 1.46, and a current ratio of 1.39. The company's market capitalization stands at C$13.16 billion with a price-to-earnings ratio of 37.94 and a beta of 0.82.

Earnings Report Overview

Stantec Inc. recently announced its earnings results on August 7, reporting earnings per share (EPS) of C$1.12 for the quarter. This figure exceeded analysts' consensus estimates of C$1.11 by a small margin. The company reported a net margin of 6.31% and a return on equity of 12.91%. In terms of revenue, Stantec achieved C$1.49 billion, matching the expectations set by analysts.

Insider Activity Highlights

In recent insider activity, Director Vito Culmone purchased 2,000 shares of Stantec at an average price of C$112.97 on August 20, totaling C$225,940.00. Additionally, Director Asifa Samji acquired 300 shares on August 14 at an average price of C$109.75, amounting to C$32,925.00. Following this transaction, Samji now holds a total of 840 shares valued at C$92,190. Notably, insiders have collectively acquired 2,445 shares valued at C$274,636 over the past three months, representing a 0.27% stake in the company.Stantec, Shares, Opinions