Zacks Research Downgrades Stantec (NYSE:STN) to Hold

Stantec (NYSE:STN) (TSE:STN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on STN. Weiss Ratings raised shares of Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Royal Bank Of Canada lifted their target price on shares of Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Six 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Stock Performance

Shares of NYSE:STN opened at $72.82 on Wednesday. The firm has a market capitalization of $8.31 billion, a PE ratio of 23.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day moving average of $88.39 and a two-hundred day moving average of $94.68. Stantec has a 12 month low of $72.46 and a 12 month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 17.48% and a net margin of 5.92%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts forecast that Stantec will post 4.47 earnings per share for the current year.

Institutional Trading of Stantec

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its holdings in Stantec by 82.4% in the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after acquiring an additional 1,558,703 shares in the last quarter. Norges Bank acquired a new stake in shares of Stantec in the 4th quarter valued at about $124,217,000. BCV Asset Management Inc. bought a new position in shares of Stantec during the fourth quarter worth about $93,015,000. Bank of Montreal Can lifted its position in shares of Stantec by 25.2% during the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock worth $421,321,000 after purchasing an additional 897,912 shares during the last quarter. Finally, Man Group plc grew its stake in Stantec by 103.5% in the fourth quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock worth $149,247,000 after purchasing an additional 803,322 shares in the last quarter. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Company Profile

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.