Stantec’s (STN) Hold Rating Reiterated at DA Davidson
A number of other research analysts have also recently issued reports on the stock. Canaccord Genuity reissued a hold rating and issued a $30.00 price objective (down from $33.00) on shares of Stantec in a research note on Sunday, October 23rd. Zacks Investment Research raised shares of Stantec from a sell rating to a hold rating in a research note on Wednesday, October 19th. National Bank Financial raised shares of Stantec from a sector perform rating to an outperform rating in a research note on Wednesday, August 17th. TD Securities reissued a hold rating and issued a $35.00 price objective (down from $37.00) on shares of Stantec in a research note on Wednesday, August 10th. Finally, Scotiabank cut shares of Stantec from an outperform rating to a sector perform rating and decreased their price objective for the company from $36.00 to $34.00 in a research note on Friday, August 5th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $32.78.
Shares of Stantec (NYSE:STN) opened at 25.20 on Wednesday. The company has a market cap of $2.87 billion, a PE ratio of 25.93 and a beta of 1.46. The firm’s 50 day moving average is $23.07 and its 200 day moving average is $24.26. Stantec has a 12 month low of $20.71 and a 12 month high of $26.87.
Stantec (NYSE:STN) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $1.26 million for the quarter, compared to analysts’ expectations of $918.11 million. Stantec had a net margin of 3.34% and a return on equity of 10.28%. Stantec’s revenue for the quarter was up 40.7% compared to the same quarter last year. On average, equities analysts predict that Stantec will post $1.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Friday, December 30th will be issued a $0.0842 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.34 annualized dividend and a yield of 1.34%. Stantec’s payout ratio is 37.36%.
A number of large investors have recently bought and sold shares of the stock. UBS Group AG increased its stake in Stantec by 301.4% in the first quarter. UBS Group AG now owns 74,061 shares of the company’s stock valued at $1,878,000 after buying an additional 55,611 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Stantec by 2.2% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,026,102 shares of the company’s stock valued at $32,148,000 after buying an additional 21,770 shares during the period. Public Sector Pension Investment Board increased its stake in Stantec by 8.4% in the second quarter. Public Sector Pension Investment Board now owns 787,480 shares of the company’s stock valued at $18,997,000 after buying an additional 61,000 shares during the period. I.G. Investment Management LTD. increased its stake in Stantec by 28.6% in the second quarter. I.G. Investment Management LTD. now owns 797,680 shares of the company’s stock valued at $19,346,000 after buying an additional 177,480 shares during the period. Finally, K.J. Harrison & Partners Inc bought a new stake in Stantec during the second quarter valued at $1,272,000. 52.05% of the stock is owned by hedge funds and other institutional investors.
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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