Stantec Inc. (STN) Rating Increased to Hold at Zacks Investment Research
Stantec Inc. (NYSE:STN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “
Several other equities research analysts have also recently weighed in on STN. Scotiabank cut shares of Stantec from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $36.00 to $34.00 in a research report on Friday, August 5th. TD Securities reiterated a “hold” rating and set a $35.00 price objective (down from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Finally, National Bank Financial upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stantec presently has a consensus rating of “Hold” and a consensus price target of $32.50.
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Shares of Stantec (NYSE:STN) opened at 23.43 on Wednesday. The company has a market capitalization of $2.67 billion, a PE ratio of 23.79 and a beta of 1.36. The firm’s 50-day moving average is $23.39 and its 200 day moving average is $24.60. Stantec has a 12 month low of $20.71 and a 12 month high of $26.87.
Stantec (NYSE:STN) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Stantec had a net margin of 3.88% and a return on equity of 10.55%. The company earned $1.05 billion during the quarter, compared to analysts’ expectations of $591.70 million. Equities research analysts predict that Stantec will post $1.30 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Friday, September 30th were paid a $0.0863 dividend. This represents a $0.35 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Wednesday, September 28th. Stantec’s dividend payout ratio (DPR) is presently 34.34%.
Several institutional investors have recently modified their holdings of STN. Credit Agricole S A boosted its stake in Stantec by 900.0% in the first quarter. Credit Agricole S A now owns 102,000 shares of the company’s stock worth $2,587,000 after buying an additional 91,800 shares during the last quarter. UBS Group AG boosted its stake in Stantec by 301.4% in the first quarter. UBS Group AG now owns 74,061 shares of the company’s stock worth $1,878,000 after buying an additional 55,611 shares during the last quarter. Scotia Capital Inc. boosted its stake in Stantec by 26.5% in the first quarter. Scotia Capital Inc. now owns 135,675 shares of the company’s stock worth $3,448,000 after buying an additional 28,460 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in Stantec by 3.4% in the first quarter. Bank of Nova Scotia Trust Co. now owns 9,561 shares of the company’s stock worth $242,000 after buying an additional 315 shares during the last quarter. Finally, Invictus RG purchased a new stake in Stantec during the first quarter worth approximately $132,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
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