Leonardo De Oliveira Castro Sells 614 Shares of Stantec Inc. (TSE:STN) Stock
Stantec Inc. (TSE:STN – Get Rating) (NYSE:STN) Director Leonardo De Oliveira Castro sold 614 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of C$67.14, for a total transaction of C$41,223.96.
Stantec Price Performance
Shares of STN stock traded up C$0.53 on Friday, hitting C$66.48. 307,928 shares of the stock traded hands, compared to its average volume of 237,255. The firm has a market cap of C$7.36 billion and a price-to-earnings ratio of 38.88. The firm has a 50 day simple moving average of C$64.01 and a two-hundred day simple moving average of C$60.91. Stantec Inc. has a 52 week low of C$53.12 and a 52 week high of C$73.10. The company has a debt-to-equity ratio of 92.77, a current ratio of 1.52 and a quick ratio of 1.46.
Stantec Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.72 annualized dividend and a yield of 1.08%. Stantec’s payout ratio is 42.11%.
Wall Street Analysts Forecast Growth
STN has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Stantec from C$67.00 to C$71.00 and gave the company a “sector perform” rating in a report on Monday, November 14th. National Bankshares increased their price target on shares of Stantec from C$70.00 to C$74.00 in a report on Monday, November 14th. ATB Capital increased their price target on shares of Stantec from C$70.00 to C$75.00 in a report on Friday, August 12th. BMO Capital Markets increased their price target on shares of Stantec from C$72.00 to C$75.00 in a report on Friday, August 12th. Finally, CIBC increased their price objective on shares of Stantec from C$74.00 to C$79.00 and gave the company an “outperform” rating in a research report on Monday, November 14th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$76.50.
Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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