Shares of Stantec Inc. (TSE:STN) (NYSE:STN) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$36.28.
A number of equities research analysts have recently weighed in on the stock. CIBC boosted their price objective on shares of Stantec from C$38.00 to C$39.00 and gave the stock a “neutral” rating in a report on Tuesday, January 16th. National Bank Financial lowered their price objective on shares of Stantec from C$42.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, December 1st. Canaccord Genuity lowered their price objective on shares of Stantec from C$36.00 to C$31.00 in a report on Friday, February 23rd. Royal Bank of Canada lowered their price objective on shares of Stantec from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. Finally, Raymond James Financial lowered their price objective on shares of Stantec from C$41.00 to C$37.00 and set an “outperform” rating for the company in a report on Friday, February 23rd.
In other news, Director Valentino Dimanno purchased 1,552 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of C$32.20 per share, for a total transaction of C$49,974.40. Also, Director Russell Edward Wlad sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of C$35.57, for a total transaction of C$355,700.00. Insiders have purchased a total of 6,052 shares of company stock valued at $163,189 over the last quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a dividend of $0.138 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, March 28th. Stantec’s dividend payout ratio is currently 58.82%.
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Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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