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RBC Capital Keeps Their Buy Rating on Stantec (STN)

Tipranks - Wed Jan 7, 8:00PM CST

RBC Capital analyst Sabahat Khan maintained a Buy rating on Stantec on January 5 and set a price target of C$168.00. The company’s shares closed yesterday at C$134.50.

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Khan covers the Industrials sector, focusing on stocks such as AtkinsRealis, Aecon Group Inc., and Aecom Technology. According to TipRanks, Khan has an average return of 7.8% and a 53.56% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stantec with a C$170.25 average price target.

Based on Stantec’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$2.14 billion and a net profit of C$150 million. In comparison, last year the company earned a revenue of C$1.52 billion and had a net profit of C$103.2 million

Based on the recent corporate insider activity of 38 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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