Stantec Inc (NYSE:STN) Given Price Target Of $28.096


As per Stantec Inc (NYSE:STN)’s news release on 2016-08-08, its shareholders will get cash dividend of $0.086 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-13, respectively.

The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Stantec Inc (NYSE:STN) disbursed $0.086 in dividend compared to distribution of $0.086, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -28.7465%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Stantec Inc (NYSE:STN) to attain a price target of $28.096. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $37. The low price range is set at $25 for next year while the arithmetic mean is seen at 2.4.

Eyeing Earnings Stantec Inc (NYSE:STN) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.4 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Stantec Inc (NYSE:STN) earnings came at $0.28 suggesting a deviation of $-0.08. The brokerages targeted EPS of $0.36 for the quarter.

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