Stantec Inc. (STN:CA)
Analyst Update
Stifel Nicolaus recently raised its 12 month target price on Stantec Inc. to $173.00 from $169.00, while reiterating its “Buy” rating, reflecting continued confidence in the company’s organic growth trajectory and margin expansion profile.
The modest upward revision incorporates stronger backlog visibility, particularly across infrastructure, water, and environmental services, where demand remains supported by public-sector spending and long-cycle capital programs in North America. Stifel may also be factoring in solid execution, disciplined cost management, and improving operating leverage as higher-margin project mix and integration benefits from prior acquisitions flow through earnings.
Stifel Nicolaus with its “Buy” rating continues to view Stantec as well-positioned within the engineering and consulting sector, supported by recurring revenue streams, geographic diversification, and exposure to structural themes such as climate resilience, energy transition, and transportation infrastructure modernization.
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