SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts also recently issued reports on STN. Zacks Investment Research downgraded shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Desjardins raised shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Finally, TheStreet raised shares of SPDR MSCI Europe Energy UCITS ETF from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SPDR MSCI Europe Energy UCITS ETF currently has a consensus rating of “Hold” and an average price target of $32.20.

SPDR MSCI Europe Energy UCITS ETF (NYSE STN) opened at 26.50 on Thursday. SPDR MSCI Europe Energy UCITS ETF has a 52-week low of $21.50 and a 52-week high of $28.05. The company’s 50-day moving average is $25.51 and its 200-day moving average is $25.34. The firm has a market capitalization of $3.02 billion, a P/E ratio of 32.40 and a beta of 1.62.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. SPDR MSCI Europe Energy UCITS ETF had a net margin of 2.31% and a return on equity of 10.67%. The company had revenue of $891.49 million for the quarter, compared to the consensus estimate of $902.78 million. During the same period last year, the firm posted $0.37 EPS. SPDR MSCI Europe Energy UCITS ETF’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts predict that SPDR MSCI Europe Energy UCITS ETF will post $1.54 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in SPDR MSCI Europe Energy UCITS ETF by 15.3% in the first quarter. Russell Investments Group Ltd. now owns 301,328 shares of the business services provider’s stock valued at $7,795,000 after buying an additional 39,897 shares during the period. Jones Collombin Investment Counsel Inc boosted its stake in SPDR MSCI Europe Energy UCITS ETF by 2,774.2% in the first quarter. Jones Collombin Investment Counsel Inc now owns 279,660 shares of the business services provider’s stock valued at $7,247,000 after buying an additional 269,930 shares during the period. Bank of New York Mellon Corp boosted its stake in SPDR MSCI Europe Energy UCITS ETF by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock valued at $401,000 after buying an additional 2,300 shares during the period. Van Berkom & Associates Inc. boosted its stake in SPDR MSCI Europe Energy UCITS ETF by 1.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,291,416 shares of the business services provider’s stock valued at $33,454,000 after buying an additional 13,350 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SPDR MSCI Europe Energy UCITS ETF by 3.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 349,658 shares of the business services provider’s stock valued at $9,048,000 after buying an additional 11,222 shares during the period. Institutional investors own 57.30% of the company’s stock.

About SPDR MSCI Europe Energy UCITS ETF

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 operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Analyst Recommendations for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

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