Stantec Inc. (STN) Rating Reiterated by Scotiabank
Stantec Inc. (NYSE:STN) (TSE:STN)‘s stock had its “sector perform” rating reissued by research analysts at Scotiabank in a report issued on Tuesday. They currently have a $37.00 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 38.84% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. TD Securities reiterated a “hold” rating and set a $35.00 target price (down from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Zacks Investment Research downgraded Stantec from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 18th. National Bank Financial upgraded Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th. Canaccord Genuity reiterated a “hold” rating and set a $30.00 target price (down from $33.00) on shares of Stantec in a research report on Sunday, October 23rd. Finally, DA Davidson reiterated a “hold” rating and set a $25.00 target price on shares of Stantec in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.11.
Stantec (NYSE:STN) opened at 26.65 on Tuesday. The stock has a market capitalization of $3.04 billion, a PE ratio of 29.38 and a beta of 1.46. Stantec has a 12-month low of $20.71 and a 12-month high of $26.90. The stock has a 50 day moving average price of $23.90 and a 200-day moving average price of $24.29.
Stantec (NYSE:STN) last released its earnings results on Thursday, November 10th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The company had revenue of $1.26 million for the quarter, compared to the consensus estimate of $918.11 million. Stantec had a return on equity of 10.28% and a net margin of 3.34%. Stantec’s revenue for the quarter was up 40.7% compared to the same quarter last year. On average, equities analysts anticipate that Stantec will post $1.30 earnings per share for the current fiscal 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 given a $0.0842 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.26%. Stantec’s dividend payout ratio is currently 37.36%.
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Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake 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 increased its stake 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 purchased a new stake in Stantec during the second quarter worth approximately $205,000. Cetera Advisor Networks LLC purchased a new stake in Stantec during the third quarter worth approximately $207,000. Finally, Aperio Group LLC increased its stake 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. Institutional investors own 54.87% of the company’s stock.
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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