Several brokerages have updated their recommendations and price targets on shares of Stantec (NYSE: STN) in the last few weeks:

  • 11/19/2018 – Stantec was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 11/9/2018 – Stantec was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 11/9/2018 – Stantec was downgraded by analysts at CIBC to a “hold” rating.
  • 11/9/2018 – Stantec had its “hold” rating reaffirmed by analysts at Royal Bank of Canada.
  • 10/26/2018 – Stantec was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “
  • 10/19/2018 – Stantec was upgraded by analysts at CIBC from a “neutral” rating to a “sector outperform” rating.
  • 10/19/2018 – Stantec was upgraded by analysts at Scotia Howard Weill from a “sector perform” rating to a “sector outperform” rating.
  • 10/19/2018 – Stantec was upgraded by analysts at Howard Weil from a “sector perform” rating to a “sector outperform” rating.
  • 10/19/2018 – Stantec was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating.
  • 10/10/2018 – Stantec was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “

Shares of Stantec stock traded up $0.23 during trading hours on Wednesday, hitting $23.50. The company had a trading volume of 5,227 shares, compared to its average volume of 19,030. Stantec Inc. has a twelve month low of $23.05 and a twelve month high of $29.25. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 17.28 and a beta of 1.23.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.07). Stantec had a net margin of 1.34% and a return on equity of 9.47%. The company had revenue of $690.05 million during the quarter, compared to analyst estimates of $699.73 million. On average, analysts forecast that Stantec Inc. will post 1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Friday, December 28th will be issued a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, December 27th. Stantec’s payout ratio is 30.88%.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Stantec by 544.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,975 shares of the business services provider’s stock valued at $124,000 after buying an additional 4,203 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Stantec in the 3rd quarter valued at $210,000. Bank of New York Mellon Corp purchased a new stake in Stantec in the 2nd quarter valued at $249,000. JPMorgan Chase & Co. purchased a new stake in Stantec in the 1st quarter valued at $271,000. Finally, Bank of America Corp DE raised its position in Stantec by 42.6% in 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 purchasing an additional 5,790 shares during the last quarter. Institutional investors and hedge funds own 61.75% of the company’s stock.

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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