Stantec (NYSE:STN) Upgraded by Zacks Research to “Hold” Rating

Stantec (NYSE:STN) (TSE:STN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on STN. Desjardins reissued a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Wall Street Zen lowered shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Scotiabank restated an “outperform” rating on shares of Stantec in a research note on Thursday. Finally, CIBC restated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Stantec Price Performance

STN stock opened at $101.66 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. Stantec has a 1 year low of $73.18 and a 1 year high of $114.51. The firm has a 50-day moving average of $96.54 and a 200 day moving average of $105.11. The company has a market cap of $11.60 billion, a P/E ratio of 33.44 and a beta of 1.10.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.11. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.71 billion. Stantec had a return on equity of 17.37% and a net margin of 6.06%.Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, sell-side analysts forecast that Stantec will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Stantec

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Stantec by 15.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after purchasing an additional 22,524 shares in the last quarter. Jane Street Group LLC boosted its stake in Stantec by 73.2% during the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after buying an additional 9,325 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Stantec by 10.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,709 shares of the business services provider’s stock valued at $403,000 after acquiring an additional 356 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Stantec in the 2nd quarter valued at approximately $222,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.