Stantec (STN) Receiving Somewhat Favorable News Coverage, Study Shows
Headlines about Stantec (NYSE:STN) (TSE:STN) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stantec earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 48.4376398108827 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- $689.09 Million in Sales Expected for Stantec Inc. (STN) This Quarter (americanbankingnews.com)
- FY2017 EPS Estimates for Stantec Inc. Reduced by Analyst (STN) (americanbankingnews.com)
- Stantec Inc. (STN) Expected to Announce Earnings of $0.38 Per Share (americanbankingnews.com)
- Stantec, Inc. – Value Analysis (NYSE:STN) : November 14, 2017 (finance.yahoo.com)
A number of equities analysts have recently weighed in on STN shares. Zacks Investment Research lowered shares of Stantec from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada started coverage on shares of Stantec in a research report on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price objective for the company. BidaskClub raised shares of Stantec from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, TheStreet raised shares of Stantec from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Stantec presently has a consensus rating of “Hold” and an average target price of $35.67.
Stantec (STN) remained flat at $$27.70 during trading hours on Tuesday. 52,804 shares of the company traded hands, compared to its average volume of 22,100. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $3,150.00, a price-to-earnings ratio of 20.15 and a beta of 1.60. Stantec has a 52-week low of $22.25 and a 52-week high of $28.90.
Stantec announced that its board has initiated a share repurchase plan on Thursday, November 9th that authorizes the company to repurchase 2,280,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a $0.098 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, December 28th. Stantec’s dividend payout ratio is presently 50.63%.
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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 operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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