Scotiabank analyst Michael Doumet maintained a Hold rating on Stantec (STN – Research Report) today and set a price target of C$110.00. The company’s shares closed yesterday at $79.84.
According to TipRanks, Doumet is a 5-star analyst with an average return of 14.5% and a 61.15% success rate. Doumet covers the Industrials sector, focusing on stocks such as Stantec, Waste Connections, and Russel Metals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stantec with a $86.00 average price target.
See today’s best-performing stocks on TipRanks >>
Based on Stantec’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.69 billion and a net profit of $103.9 million. In comparison, last year the company earned a revenue of $1.47 billion and had a net profit of $72.6 million
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Stantec (STN) Company Description:
Stantec, Inc. engages the provision of in general design and architectural solutions. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure. The Energy and Resources segment is involved in industrial engineering services for private sector energy, resource, and power clients. The Environment Services segment provides environmental services for private sector clients and remediation activities for private and public sector clients. The Infrastructure segment is responsible to design and engineering services; as well as project and construction management services. The Water segment is responsible for traditional planning, engineering, design, and construction management services. The company was founded by Don Stanely in 1954 and is headquartered in Edmonton, Canada.
Read More on STN:
- Stantec to acquire Morrison Hershfield, a leading transportation, buildings, and environmental services firm
- Stantec to acquire Morrison Hershfield, terms not disclosed
- Stantec price target raised by C$7 at National Bank
- Stantec announces renewal of normal course issuer bid
- Stantec announces renewal of Normal Course Issuer Bid and Automatic Share Purchase Plan
