Stantec (NYSE:STN) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Stantec (NYSE:STN) (TSE:STN) from a buy rating to a strong-buy rating in a report issued on Saturday.

Several other analysts have also recently issued reports on the company. Weiss Ratings raised Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Royal Bank Of Canada upped their price objective on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Finally, Zacks Research raised Stantec from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $175.00.

Stantec Stock Down 4.1%

Shares of STN opened at $87.41 on Friday. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 28.95 and a beta of 1.06. Stantec has a 1 year low of $84.08 and a 1 year high of $114.51. The business’s 50 day simple moving average is $89.55 and its 200-day simple moving average is $95.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 1.23.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Stantec had a return on equity of 17.56% and a net margin of 5.90%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts expect that Stantec will post 4.47 earnings per share for the current fiscal year.

Stantec Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. This is an increase from Stantec’s previous quarterly dividend of $0.23. Stantec’s dividend payout ratio is presently 23.18%.

Hedge Funds Weigh In On Stantec

Large investors have recently modified their holdings of the stock. Westside Investment Management Inc. increased its position in shares of Stantec by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 126 shares during the last quarter. Allworth Financial LP increased its position in shares of Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 206 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Stantec by 264.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Stantec during the 4th quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

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.