Stantec Rating Increased to Outperform at Zacks (STN)
Stantec (NYSE:STN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, American Banking News reports. The firm currently has a $55.90 price target on the stock. Zacks‘ target price points to a potential upside of 7.42% from the company’s current price.
Stantec (NYSE:STN) traded down 0.31% on Tuesday, hitting $51.88. The stock had a trading volume of 3,094 shares. Stantec has a 52-week low of $34.13 and a 52-week high of $53.96. The stock has a 50-day moving average of $49.94 and a 200-day moving average of $45.1. The company has a market cap of $2.401 billion and a price-to-earnings ratio of 18.18.
STN has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at TD Securities upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 2nd. Finally, analysts at BMO Capital Markets downgraded shares of Stantec from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. They now have a $54.00 price target on the stock, up previously from $48.00. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.99.
Stantec Inc (NYSE:STN) provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors.
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