Wall Street Zen Downgrades Stantec (NYSE:STN) to Buy

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

STN has been the topic of several other research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Tuesday, May 19th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada lifted their target price on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Weiss Ratings lowered Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Stantec has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Trading Up 0.4%

NYSE:STN opened at $72.29 on Friday. Stantec has a 1-year low of $70.84 and a 1-year high of $114.51. The business’s 50-day moving average price is $82.62 and its two-hundred day moving average price is $90.21. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 23.17 and a beta of 0.98.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.02. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities analysts expect that Stantec will post 4.5 earnings per share for the current year.

Institutional Trading of Stantec

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock valued at $468,622,000 after acquiring an additional 92,641 shares during the last quarter. Bank of Montreal Can increased its position 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 buying an additional 897,912 shares during the last quarter. Royal Bank of Canada increased its position in Stantec by 2.9% during the fourth quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock worth $389,890,000 after buying an additional 117,613 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Stantec by 19.0% during the first quarter. Pictet Asset Management Holding SA now owns 3,485,388 shares of the business services provider’s stock worth $300,340,000 after buying an additional 557,434 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Stantec by 0.8% during the third quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock worth $374,680,000 after buying an additional 26,388 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

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.