Stantec (NYSE:STN) Upgraded at Wall Street Zen

Stantec (NYSE:STN) (TSE:STN) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also issued reports on the stock. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stantec in a report on Wednesday. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Thursday. Finally, CIBC restated 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 Hold rating to the company. According to data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy”.

Stantec Stock Performance

NYSE:STN opened at $100.42 on Friday. The business’s 50-day moving average price is $96.43 and its two-hundred day moving average price is $105.04. The stock has a market cap of $11.46 billion, a P/E ratio of 33.03 and a beta of 1.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. Stantec has a twelve month low of $73.18 and a twelve month high of $114.51.

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

Hedge Funds Weigh In On Stantec

A number of hedge funds have recently modified their holdings of STN. Canopy Partners LLC raised its stake in shares of Stantec by 3.8% during the second quarter. Canopy Partners LLC now owns 2,876 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 104 shares during the last quarter. Wolverine Trading LLC increased its holdings in Stantec by 2.4% during the 3rd quarter. Wolverine Trading LLC now owns 5,211 shares of the business services provider’s stock valued at $551,000 after purchasing an additional 120 shares during the period. Harvest Portfolios Group Inc. raised its position in Stantec by 4.1% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 3,120 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 122 shares during the last quarter. Westside Investment Management Inc. raised its position in Stantec by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 126 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Stantec by 15.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,361 shares of the business services provider’s stock worth $148,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.