Stantec Inc. (NYSE:STN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “

Several other equities research analysts have also weighed in on the company. Scotiabank lowered Stantec from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $36.00 to $34.00 in a research report on Friday, August 5th. TD Securities reissued a “hold” rating and set a $35.00 target price (down previously from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Finally, National Bank Financial raised Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.50.

Analyst Recommendations for Stantec (NYSE:STN)

Stantec (NYSE:STN) opened at 23.43 on Wednesday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 23.79 and a beta of 1.36. Stantec has a one year low of $20.71 and a one year high of $26.87. The firm has a 50-day moving average price of $23.39 and a 200-day moving average price of $24.60.

Stantec (NYSE:STN) last issued its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Stantec had a return on equity of 10.55% and a net margin of 3.88%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $591.70 million. Equities analysts anticipate that Stantec will post $1.30 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Friday, September 30th were issued a $0.0863 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.47%. Stantec’s payout ratio is currently 34.34%.

Several hedge funds have recently added to or reduced their stakes in STN. FMR LLC raised its stake in Stantec by 14.2% in the second quarter. FMR LLC now owns 8,605,941 shares of the company’s stock worth $208,695,000 after buying an additional 1,070,752 shares during the last quarter. 1832 Asset Management L.P. raised its stake in 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 $138,670,000 after buying an additional 143,503 shares during the last quarter. Franklin Resources Inc. raised its stake in Stantec by 8.5% in the second quarter. Franklin Resources Inc. now owns 3,192,105 shares of the company’s stock worth $77,379,000 after buying an additional 251,375 shares during the last quarter. Guardian Capital LP raised its stake in 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. Finally, Vanguard Group Inc. raised its stake in Stantec by 37.3% in the second quarter. Vanguard Group Inc. now owns 1,786,579 shares of the company’s stock worth $43,288,000 after buying an additional 485,479 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.

5 Day Chart for NYSE:STN

Receive News & Stock Ratings for Stantec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec Inc. and related stocks with our FREE daily email newsletter.