Stantec Inc. (TSE:STN - Get Free Report) (NYSE:STN) Director Vito Culmone purchased 4,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of C$121.49 per share, for a total transaction of C$485,960.00.
Stantec Stock Performance
Shares of TSE STN opened at C$120.25 on Thursday. The stock has a market cap of C$13.72 billion, a PE ratio of 39.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. Stantec Inc. has a 1 year low of C$96.31 and a 1 year high of C$122.83. The firm has a fifty day moving average price of C$113.70 and a 200-day moving average price of C$113.33. The company has a debt-to-equity ratio of 80.74, a current ratio of 1.39 and a quick ratio of 1.46.
Stantec Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 0.70%. Stantec's payout ratio is presently 27.63%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Stifel Nicolaus increased their target price on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Raymond James cut shares of Stantec from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$125.00 to C$120.00 in a research note on Thursday, August 8th. Canaccord Genuity Group raised their price objective on shares of Stantec from C$125.00 to C$135.00 in a report on Monday, November 11th. Finally, Scotiabank raised shares of Stantec to a "strong-buy" rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$126.36.
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About Stantec
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Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.
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