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

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

STN has been the subject of a number of other research reports. Zacks Research cut Stantec from a “hold” rating to a “strong sell” rating in a report on Friday, December 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Wednesday, October 8th. CIBC reaffirmed an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research note on Monday, November 17th. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Stantec Stock Down 1.8%

Shares of NYSE STN opened at $93.55 on Friday. The stock has a fifty day moving average price of $104.44 and a 200 day moving average price of $107.09. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.53. Stantec has a 12-month low of $73.18 and a 12-month high of $114.51. The company has a market cap of $10.67 billion, a P/E ratio of 30.77 and a beta of 1.11.

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

Hedge Funds Weigh In On Stantec

Several large investors have recently modified their holdings of STN. Vanguard Group Inc. increased its holdings in Stantec by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,624,935 shares of the business services provider’s stock valued at $383,352,000 after buying an additional 49,857 shares during the last quarter. Nuveen LLC acquired a new position in shares of Stantec in the 1st quarter worth approximately $6,652,000. Gulf International Bank UK Ltd grew its position in shares of Stantec by 2,094.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 6,497 shares of the business services provider’s stock worth $538,000 after acquiring an additional 6,201 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Stantec by 18.2% in the 1st quarter. American Century Companies Inc. now owns 49,805 shares of the business services provider’s stock valued at $4,128,000 after acquiring an additional 7,671 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its position in shares of Stantec by 9.6% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 216,924 shares of the business services provider’s stock valued at $17,983,000 after acquiring an additional 18,920 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.