Stantec (NYSE:STN) (TSE:STN) was upgraded by analysts at Howard Weil from a “sector perform” rating to a “sector outperform” rating in a report issued on Friday.

STN has been the topic of a number of other research reports. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, July 11th. ValuEngine raised Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. CIBC downgraded Stantec from a “sector outperform” rating to a “neutral” rating in a report on Thursday, July 5th. TheStreet raised Stantec from a “c+” rating to a “b-” rating in a report on Monday, July 2nd. Finally, Scotiabank raised Stantec from a “sector perform” rating to an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.50.

Stantec stock traded up $0.53 during mid-day trading on Friday, reaching $24.83. 924 shares of the company were exchanged, compared to its average volume of 15,126. Stantec has a 12 month low of $24.05 and a 12 month high of $29.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $2.80 billion, a PE ratio of 18.26 and a beta of 1.57.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 8th. The business services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.10). The business had revenue of $703.54 million during the quarter, compared to analyst estimates of $705.24 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%. Sell-side analysts expect that Stantec will post 1.35 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in shares of Stantec during the 2nd quarter valued at $249,000. Global X Management Co LLC boosted its holdings in shares of Stantec by 18.7% during the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 4,374 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Stantec by 42.6% during the 2nd quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 5,790 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in shares of Stantec by 8.1% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock valued at $50,710,000 after acquiring an additional 147,725 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Stantec by 16.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after acquiring an additional 1,014,400 shares in the last quarter. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

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 four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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