Stantec Inc. (NYSE:STN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $175.00.

STN has been the subject of a number of research analyst reports. Zacks Research lowered shares of Stantec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Stantec in a report on Tuesday, May 19th. ATB Cormark Capital Markets raised Stantec from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded Stantec from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st.

Stantec Stock Up 1.9%

Shares of STN stock opened at $74.57 on Wednesday. The firm has a fifty day moving average of $70.41 and a 200-day moving average of $82.37. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.47. Stantec has a 12-month low of $66.26 and a 12-month high of $114.51. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 23.90 and a beta of 0.99.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Stantec had a net margin of 5.92% and a return on equity of 19.37%. As a group, equities research analysts predict that Stantec will post 4.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stantec

Large investors have recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after acquiring an additional 206 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Stantec by 264.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after purchasing an additional 249 shares in the last quarter. Addison Advisors LLC bought a new stake in shares of Stantec in the second quarter worth $33,000. Leonteq Securities AG acquired a new position in Stantec during the fourth quarter worth $37,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares during the last quarter. 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.