Stantec Upgraded to “Outperform” by Raymond James (STN)
Stantec (NYSE:STN) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Shares of Stantec (NYSE:STN) traded up 3.75% on Friday, hitting $61.66. 7,426 shares of the company’s stock traded hands. Stantec has a one year low of $35.77 and a one year high of $60.04. The stock has a 50-day moving average of $52.8 and a 200-day moving average of $46.47. The company has a market cap of $2.853 billion and a P/E ratio of 20.76.
Stantec (NYSE:STN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.16. On average, analysts predict that Stantec will post $2.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.16 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, December 27th.
A number of other analysts have also recently weighed in on STN. Analysts at Zacks upgraded shares of Stantec from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $55.90 price target on the stock. Analysts at Canaccord Genuity upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus 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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