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CIBC Remains a Buy on Stantec (STN)

Tipranks - Tue Mar 3, 9:56AM CST

CIBC analyst Krista Friesen maintained a Buy rating on Stantec today and set a price target of C$173.00.

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Friesen covers the Industrials sector, focusing on stocks such as Bombardier, Air Canada, and Exchange Income. According to TipRanks, Friesen has an average return of 10.6% and a 54.29% success rate on recommended stocks.

In addition to CIBC, Stantec also received a Buy from TipRanks – xAI’s xAi Engineering and Construction in a report issued on February 28. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Stantec (NYSE: STN).

Based on Stantec’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$2.12 billion and a net profit of C$93.9 million. In comparison, last year the company earned a revenue of C$1.48 billion and had a net profit of C$98 million

Based on the recent corporate insider activity of 43 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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