Desjardins Forecasts Strong Price Appreciation for Stantec (TSE:STN) Stock

by · The Cerbat Gem

Stantec (TSE:STN – Get Free Report) (NYSE:STN) had its price objective hoisted by investment analysts at Desjardins from C$160.00 to C$173.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 34.17% from the stock’s previous close.

Other analysts also recently issued research reports about the company. National Bankshares lifted their target price on Stantec from C$162.00 to C$164.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Scotiabank lifted their target price on shares of Stantec from C$160.00 to C$161.00 in a research report on Friday, October 17th. TD Securities raised their price objective on Stantec from C$176.00 to C$183.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Royal Bank Of Canada lifted their price objective on Stantec from C$153.00 to C$168.00 in a research report on Monday, November 17th. Finally, Stifel Nicolaus increased their price target on shares of Stantec from C$160.00 to C$175.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and an average price target of C$166.90.

Check Out Our Latest Analysis on Stantec

Stantec Stock Down 1.7%

Shares of STN stock traded down C$2.20 during mid-day trading on Friday, reaching C$128.94. 219,076 shares of the company were exchanged, compared to its average volume of 298,923. The company has a debt-to-equity ratio of 85.29, a quick ratio of 1.46 and a current ratio of 1.42. The business’s 50 day simple moving average is C$146.65 and its 200 day simple moving average is C$148.19. The company has a market capitalization of C$14.71 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.46 and a beta of 0.80. Stantec has a fifty-two week low of C$107.23 and a fifty-two week high of C$160.05.

Stantec (TSE:STN – Get Free Report) (NYSE:STN) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$1.53 earnings per share (EPS) for the quarter. Stantec had a return on equity of 12.08% and a net margin of 4.78%.The firm had revenue of C$2.14 billion for the quarter.

About Stantec

(Get Free Report)

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.

Read More