Stantec Inc. (STN) Receives New Coverage from Analysts at Royal Bank Of Canada
Investment analysts at Royal Bank Of Canada initiated coverage on shares of Stantec Inc. (NYSE:STN) (TSE:STN) in a research note issued to investors on Monday. The firm set a “sector perform” rating on the business services provider’s stock.
STN has been the subject of several other research reports. Zacks Investment Research upgraded Stantec from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, August 15th. BidaskClub upgraded Stantec from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.20.
Stantec (NYSE:STN) opened at 28.55 on Monday. The stock’s 50 day moving average is $28.18 and its 200 day moving average is $25.84. Stantec has a 52 week low of $21.50 and a 52 week high of $28.75. The company has a market capitalization of $3.25 billion, a PE ratio of 33.43 and a beta of 1.57.
Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $891.49 million during the quarter, compared to the consensus estimate of $902.78 million. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. Analysts predict that Stantec will post $1.57 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in STN. CIBC World Markets grew its holdings in Stantec by 2.2% during the fourth quarter. CIBC World Markets now owns 350,352 shares of the business services provider’s stock worth $8,685,000 after buying an additional 7,489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Stantec by 14.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 262,780 shares of the business services provider’s stock valued at $6,492,000 after purchasing an additional 32,570 shares during the period. Great West Life Assurance Co. Can grew its stake in Stantec by 5.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,547,132 shares of the business services provider’s stock valued at $38,475,000 after purchasing an additional 74,868 shares during the period. TD Asset Management Inc. grew its stake in Stantec by 4.3% in the 4th quarter. TD Asset Management Inc. now owns 1,162,098 shares of the business services provider’s stock valued at $28,711,000 after purchasing an additional 47,829 shares during the period. Finally, Bank of Montreal Can grew its stake in Stantec by 7.8% in the 4th quarter. Bank of Montreal Can now owns 2,253,492 shares of the business services provider’s stock valued at $55,864,000 after purchasing an additional 162,843 shares during the period. Institutional investors and hedge funds own 56.98% of the company’s stock.
Stantec Company Profile
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.
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