CIBC upgraded shares of Stantec (NYSE:STN) (TSE:STN) from a neutral rating to an outperform rating in a report released on Thursday morning, Briefing.com Automated Import reports. They currently have $40.00 target price on the business services provider’s stock, up from their prior target price of $35.00.

Several other equities analysts also recently commented on STN. BMO Capital Markets decreased their price objective on shares of Stantec from $39.00 to $37.00 and set an outperform rating on the stock in a report on Friday, August 9th. Zacks Investment Research upgraded shares of Stantec from a hold rating to a buy rating and set a $24.00 price target on the stock in a research note on Saturday, November 2nd. Finally, Raymond James restated a hold rating and issued a $34.50 price target on shares of Stantec in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Stantec has a consensus rating of Buy and a consensus price target of $36.95.

Shares of NYSE:STN traded up $1.01 on Thursday, hitting $26.05. The company had a trading volume of 178,262 shares, compared to its average volume of 19,711. Stantec has a 1-year low of $20.22 and a 1-year high of $26.79. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 18.61 and a beta of 1.16. The stock has a 50 day moving average price of $21.87 and a 200 day moving average price of $23.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.84.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). Stantec had a net margin of 1.33% and a return on equity of 10.70%. The company had revenue of $712.92 million during the quarter, compared to analyst estimates of $706.38 million. Sell-side analysts anticipate that Stantec will post 1.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.44 annualized dividend and a dividend yield of 1.69%. Stantec’s dividend payout ratio (DPR) is presently 31.43%.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Stantec by 237.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,218 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 857 shares in the last quarter. Aperio Group LLC acquired a new stake in Stantec during the second quarter worth about $147,000. Cubist Systematic Strategies LLC acquired a new stake in Stantec during the second quarter worth about $394,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Stantec by 8.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,700 shares of the business services provider’s stock worth $450,000 after buying an additional 1,407 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Stantec by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 21,187 shares of the business services provider’s stock worth $504,000 after buying an additional 2,709 shares in the last quarter. Institutional investors and hedge funds own 66.21% of the company’s stock.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

Read More: What is Put Option Volume?

Analyst Recommendations for Stantec (NYSE:STN)

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.