Stantec Inc. (STN) Stock Rating Reaffirmed by RBC Capital Markets
Stantec Inc. (NYSE:STN)‘s stock had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets in a note issued to investors on Friday. They currently have a $36.00 price target on the stock, up from their previous price target of $32.00. RBC Capital Markets’ target price would suggest a potential upside of 41.73% from the stock’s current price.
STN has been the topic of a number of other reports. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a report on Wednesday, October 19th. National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 17th. Canaccord Genuity reissued a “hold” rating and set a $30.00 target price (down from $33.00) on shares of Stantec in a report on Sunday, October 23rd. DA Davidson reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Stantec in a research note on Wednesday, November 9th. Finally, Scotiabank lowered shares of Stantec from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Friday, August 5th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Stantec currently has an average rating of “Hold” and a consensus price target of $32.78.
Shares of Stantec (NYSE:STN) opened at 25.40 on Friday. The firm has a 50-day moving average of $23.13 and a 200 day moving average of $24.24. Stantec has a 12-month low of $20.71 and a 12-month high of $26.87. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 26.13 and a beta of 1.46.
Stantec (NYSE:STN) last posted its earnings results on Thursday, November 10th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.07. Stantec had a net margin of 3.34% and a return on equity of 10.28%. The firm had revenue of $1.26 million for the quarter, compared to analyst estimates of $918.11 million. The firm’s revenue was up 40.7% compared to the same quarter last year. On average, equities research analysts expect that Stantec will post $1.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Investors of record on Friday, December 30th will be paid a dividend of $0.0842 per share. This represents a $0.34 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, December 28th. Stantec’s dividend payout ratio is presently 37.36%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STN. FMR LLC increased its position in Stantec by 14.2% in the second quarter. FMR LLC now owns 8,605,941 shares of the company’s stock valued at $208,695,000 after buying an additional 1,070,752 shares during the last quarter. 1832 Asset Management L.P. increased its position 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 valued at $138,670,000 after buying an additional 143,503 shares during the last quarter. Franklin Resources Inc. increased its position in Stantec by 8.5% in the second quarter. Franklin Resources Inc. now owns 3,192,105 shares of the company’s stock valued at $77,379,000 after buying an additional 251,375 shares during the last quarter. Guardian Capital LP increased its position in Stantec by 11.7% in the second quarter. Guardian Capital LP now owns 2,391,824 shares of the company’s stock valued at $57,603,000 after buying an additional 249,631 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Stantec by 37.3% in the second quarter. Vanguard Group Inc. now owns 1,786,579 shares of the company’s stock valued at $43,288,000 after buying an additional 485,479 shares during the last quarter. Hedge funds and other institutional investors own 52.05% 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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