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TD Cowen Remains a Buy on Stantec (STN)

Tipranks - Sat Aug 1, 1:58AM CDT

TD Cowen analyst Michael Tupholme reiterated a Buy rating on Stantec yesterday. The company’s shares closed yesterday at C$97.19.

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According to TipRanks, Tupholme is a 5-star analyst with an average return of 15.7% and a 62.06% success rate. Tupholme covers the Industrials sector, focusing on stocks such as AtkinsRealis, Stantec, and WSP Global.

Stantec has an analyst consensus of Strong Buy, with a price target consensus of $96.25, implying a -0.97% downside from current levels. In a report released on July 22, RBC Capital also maintained a Buy rating on the stock with a C$148.00 price target.

Based on Stantec’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$2.07 billion and a net profit of C$110.8 million. In comparison, last year the company earned a revenue of C$1.55 billion and had a net profit of C$100.1 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STN in relation to earlier this year.

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