Stantec (NYSE:STN) Price Target Raised to $175.00

Stantec (NYSE:STN) (TSE:STN) had its price objective increased by Royal Bank Of Canada from $168.00 to $175.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Desjardins reaffirmed a “buy” rating on shares of Stantec in a report on Monday, November 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Stock Down 1.8%

Shares of STN stock opened at $92.75 on Monday. Stantec has a fifty-two week low of $77.07 and a fifty-two week high of $114.51. The stock’s 50-day simple moving average is $96.25 and its 200-day simple moving average is $102.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $10.58 billion, a PE ratio of 30.71 and a beta of 1.12.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.65 billion. Stantec had a net margin of 5.90% and a return on equity of 17.56%. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Equities analysts expect that Stantec will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.245 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Stantec’s previous quarterly dividend of $0.23. Stantec’s payout ratio is 21.85%.

Hedge Funds Weigh In On Stantec

Several large investors have recently modified their holdings of STN. Alliancebernstein L.P. lifted its position in Stantec by 82.4% in the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after buying an additional 1,558,703 shares during the last quarter. Norges Bank purchased a new position in Stantec during the 2nd quarter valued at about $157,932,000. BCV Asset Management Inc. acquired a new position in Stantec in the 4th quarter valued at about $93,015,000. Bank of Montreal Can increased its stake in Stantec by 25.2% during the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock worth $421,321,000 after purchasing an additional 897,912 shares during the period. Finally, Man Group plc increased its stake in Stantec by 103.5% during the 4th quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock worth $149,247,000 after buying an additional 803,322 shares during the period. Institutional investors and hedge funds 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.