Stantec Inc. (STN) Receives Average Recommendation of “Hold” from Brokerages
Stantec Inc. (NYSE:STN) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the firm. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $35.00.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Stantec from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, July 13th. TD Securities reaffirmed a “hold” rating and issued a $35.00 target price (down previously from $37.00) on shares of Stantec in a report on Wednesday, August 10th. Scotiabank downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $36.00 to $34.00 in a report on Friday, August 5th. Finally, National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 17th.
Stantec (NYSE:STN) opened at 23.42 on Thursday. The stock’s 50 day moving average price is $23.40 and its 200-day moving average price is $24.61. Stantec has a 12 month low of $20.71 and a 12 month high of $26.87. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 23.78 and a beta of 1.36.
Stantec (NYSE:STN) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $591.70 million. Stantec had a net margin of 3.88% and a return on equity of 10.55%. Equities analysts expect that Stantec will post $1.30 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Friday, September 30th were given a dividend of $0.0863 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, September 28th. Stantec’s payout ratio is currently 34.34%.
A number of institutional investors have recently made changes to their positions in STN. Fiera Capital Corp boosted its position in shares of Stantec by 13.7% in the second quarter. Fiera Capital Corp now owns 1,736,477 shares of the company’s stock worth $41,917,000 after buying an additional 209,353 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its position in shares of Stantec by 8.5% in the second quarter. Grandeur Peak Global Advisors LLC now owns 799,138 shares of the company’s stock worth $19,290,000 after buying an additional 62,619 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Stantec during the second quarter worth about $205,000. 1832 Asset Management L.P. boosted its position in shares of Stantec by 4.2% in the second quarter. 1832 Asset Management L.P. now owns 3,530,264 shares of the company’s stock worth $85,615,000 after buying an additional 143,503 shares during the last quarter. Finally, Guardian Capital LP boosted its position in shares of Stantec by 11.7% in the second quarter. Guardian Capital LP now owns 2,391,824 shares of the company’s stock worth $57,603,000 after buying an additional 249,631 shares during the last quarter. Institutional investors own 54.10% of the company’s stock.
Stantec Company Profile
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
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