Stantec Inc. (NYSE:STN) (TSE:STN) has received an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.50.
STN has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 19th. Raymond James cut shares of Stantec from an “outperform” rating to a “market perform” rating in a research report on Friday, November 9th. CIBC upgraded shares of Stantec from a “neutral” rating to a “sector outperform” rating in a research report on Friday, October 19th. Howard Weil upgraded shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Finally, Zacks Investment Research cut shares of Stantec from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th.
Shares of Stantec stock traded down $0.23 during mid-day trading on Wednesday, reaching $23.49. 400 shares of the stock were exchanged, compared to its average volume of 10,033. The stock has a market capitalization of $2.66 billion, a P/E ratio of 17.29 and a beta of 1.13. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.47. Stantec has a fifty-two week low of $21.44 and a fifty-two week high of $29.25.
Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The firm had revenue of $690.05 million for the quarter, compared to analyst estimates of $699.73 million. Stantec had a return on equity of 9.47% and a net margin of 1.34%. On average, equities analysts anticipate that Stantec will post 1.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Friday, December 28th were given a $0.1049 dividend. This represents a $0.42 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, December 27th. Stantec’s payout ratio is presently 30.15%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Stantec by 544.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,975 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 4,203 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Stantec in the 3rd quarter valued at about $210,000. Bank of New York Mellon Corp acquired a new stake in Stantec in the 2nd quarter valued at about $249,000. Bank of America Corp DE increased its position in Stantec by 42.6% in the 2nd quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 5,790 shares in the last quarter. Finally, Global X Management Co LLC boosted its stake in shares of Stantec by 18.7% in the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 4,374 shares during the last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.
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