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

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

Other research analysts also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday, January 21st. Desjardins reissued a “buy” rating on shares of Stantec in a report on Monday, November 17th. CIBC restated an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Stantec Price Performance

NYSE STN opened at $99.03 on Friday. Stantec has a one year low of $73.18 and a one year high of $114.51. The stock has a 50-day moving average of $96.85 and a 200 day moving average of $104.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 32.57 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 (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $1.24 billion for 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. On average, sell-side analysts forecast that Stantec will post 3.05 EPS for the current year.

Institutional Trading of Stantec

A number of hedge funds and other institutional investors have recently bought and sold shares of STN. Waratah Capital Advisors Ltd. lifted its position in shares of Stantec by 6.5% during the 2nd quarter. Waratah Capital Advisors Ltd. now owns 410,497 shares of the business services provider’s stock valued at $44,613,000 after buying an additional 25,073 shares in the last quarter. Forge First Asset Management Inc. raised its stake in Stantec by 94.2% during the 2nd quarter. Forge First Asset Management Inc. now owns 86,579 shares of the business services provider’s stock worth $9,401,000 after acquiring an additional 42,000 shares during the period. Atria Investments Inc lifted its holdings in Stantec by 144.2% during the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock valued at $1,096,000 after purchasing an additional 5,954 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Stantec by 30.8% during the second quarter. Hillsdale Investment Management Inc. now owns 135,710 shares of the business services provider’s stock valued at $14,777,000 after purchasing an additional 31,920 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of Stantec by 263.6% in the third quarter. Voya Investment Management LLC now owns 22,265 shares of the business services provider’s stock worth $2,402,000 after purchasing an additional 16,142 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Company Profile

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.