Wall Street Zen Upgrades Stantec (NYSE:STN) to Strong-Buy

Stantec (NYSE:STN) (TSE:STN) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Stantec from a “hold” rating to a “strong sell” rating in a research note on Friday, December 5th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Finally, CIBC reissued an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Stantec Price Performance

Stantec stock opened at $93.55 on Friday. The firm has a fifty day moving average of $104.44 and a 200-day moving average of $107.04. Stantec has a 52-week low of $73.18 and a 52-week high of $114.51. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $10.67 billion, a P/E ratio of 30.77 and a beta of 1.10.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. Stantec had a net margin of 6.06% and a return on equity of 17.37%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, analysts predict that Stantec will post 3.05 EPS for the current year.

Institutional Trading of Stantec

Several institutional investors have recently added to or reduced their stakes in STN. Wealth Preservation Advisors LLC acquired a new position in Stantec during the 1st quarter worth $26,000. Westside Investment Management Inc. lifted its position in shares of Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after purchasing an additional 126 shares during the last quarter. Simplex Trading LLC acquired a new position in Stantec in the second quarter worth about $32,000. Caitong International Asset Management Co. Ltd increased its holdings in Stantec by 4,700.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 384 shares of the business services provider’s stock valued at $42,000 after buying an additional 376 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares during the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.