TheStreet Upgrades Stantec Inc. (STN) to Buy
Stantec Inc. (NYSE:STN) (TSE:STN) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Stantec from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Canaccord Genuity set a $33.00 price target on shares of Stantec and gave the company a “hold” rating in a research report on Saturday, November 12th. RBC Capital Markets reissued a “sector perform” rating and issued a $36.00 price target (up previously from $32.00) on shares of Stantec in a research report on Friday, November 11th. DA Davidson reissued a “hold” rating and issued a $25.00 price target on shares of Stantec in a research report on Wednesday, November 9th. Finally, National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Stantec has an average rating of “Hold” and a consensus target price of $32.78.
Stantec (NYSE:STN) opened at 26.30 on Friday. The company has a market cap of $3.00 billion, a P/E ratio of 29.00 and a beta of 1.46. The company has a 50-day moving average of $23.82 and a 200 day moving average of $24.28. Stantec has a 52 week low of $20.71 and a 52 week high of $26.90.
Stantec (NYSE:STN) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $1.26 million for the quarter, compared to analyst estimates of $918.11 million. The company’s revenue for the quarter was up 40.7% on a year-over-year basis. On average, equities analysts forecast that Stantec will post $1.30 EPS for the current fiscal year.
The business 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 $0.0842 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.34 dividend on an annualized basis and a yield of 1.27%. Stantec’s dividend payout ratio is presently 37.36%.
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Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Stantec by 310.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,571 shares of the company’s stock worth $154,000 after buying an additional 4,972 shares in the last quarter. AXA boosted its position in Stantec by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock worth $195,000 after buying an additional 300 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Stantec during the second quarter worth approximately $205,000. Cetera Advisor Networks LLC bought a new position in Stantec during the third quarter worth approximately $207,000. Finally, Aperio Group LLC boosted its position in Stantec by 2.2% in the third quarter. Aperio Group LLC now owns 10,136 shares of the company’s stock worth $238,000 after buying an additional 219 shares in the last quarter. 54.87% of the stock is owned by institutional investors and hedge funds.
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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