Stantec Inc. (STN) Given Average Rating of “Hold” by Analysts
Stantec Inc. (NYSE:STN) (TSE:STN) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.17.
Several analysts have issued reports on STN shares. RBC Capital Markets restated a “sector perform” rating and issued a $36.00 target price (up from $32.00) on shares of Stantec in a research note on Friday, November 11th. Canaccord Genuity set a $33.00 price target on Stantec and gave the company a “hold” rating in a research report on Saturday, November 12th. Scotiabank cut Stantec from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $36.00 to $34.00 in a research report on Friday, August 5th. National Bank Financial upgraded Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th. Finally, TD Securities reiterated a “hold” rating and issued a $35.00 price target (down from $37.00) on shares of Stantec in a research report on Wednesday, August 10th.
Large investors have recently modified their holdings of the company. Invictus RG purchased a new stake in shares of Stantec during the first quarter valued at about $132,000. Tower Research Capital LLC TRC raised its stake in shares of Stantec by 310.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,571 shares of the company’s stock valued at $154,000 after buying an additional 4,972 shares during the period. AXA raised its stake in shares of Stantec by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock valued at $195,000 after buying an additional 300 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Stantec during the second quarter valued at about $205,000. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Stantec during the third quarter valued at about $207,000. 54.29% of the stock is owned by hedge funds and other institutional investors.
Stantec (NYSE:STN) opened at 25.70 on Thursday. The company has a market capitalization of $2.93 billion, a P/E ratio of 28.30 and a beta of 1.46. Stantec has a 52-week low of $20.71 and a 52-week high of $26.87. The firm has a 50-day moving average price of $23.46 and a 200 day moving average price of $24.25.
Stantec (NYSE:STN) last issued its earnings results on Thursday, November 10th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The firm had revenue of $1.26 million for the quarter, compared to analyst estimates of $918.11 million. Stantec had a return on equity of 10.28% and a net margin of 3.34%. The firm’s revenue was up 40.7% on a year-over-year basis. On average, analysts predict that Stantec will post $1.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders 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 1.31%. The ex-dividend date of this dividend is Wednesday, December 28th. Stantec’s dividend payout ratio (DPR) is currently 37.36%.
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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