Stantec (NYSE:STN) Stock Rating Upgraded by Zacks Research

Stantec (NYSE:STN) (TSE:STN) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. CIBC reissued an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Wall Street Zen cut Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stantec Trading Up 2.7%

Shares of NYSE STN opened at $101.66 on Wednesday. Stantec has a 52-week low of $73.18 and a 52-week high of $114.51. The company has a market cap of $11.60 billion, a PE ratio of 33.44 and a beta of 1.10. The firm’s 50 day moving average price is $96.54 and its 200-day moving average price is $105.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.71 billion. Stantec had a return on equity of 17.37% and a net margin of 6.06%.Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities research analysts expect that Stantec will post 3.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Stantec

Hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management increased its stake in Stantec by 13.0% in the fourth quarter. Ritholtz Wealth Management now owns 25,565 shares of the business services provider’s stock worth $2,412,000 after purchasing an additional 2,946 shares during the period. Toth Financial Advisory Corp purchased a new position in shares of Stantec during the fourth quarter valued at $57,000. Perigon Wealth Management LLC bought a new stake in shares of Stantec in the fourth quarter valued at about $598,000. Louisbourg Investments Inc. lifted its stake in Stantec by 97.4% in the fourth quarter. Louisbourg Investments Inc. now owns 42,005 shares of the business services provider’s stock worth $3,969,000 after acquiring an additional 20,721 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in Stantec by 25.9% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 9,941 shares of the business services provider’s stock valued at $939,000 after purchasing an additional 2,043 shares during the period. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

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.