Wall Street Zen Upgrades Stantec (NYSE:STN) to Strong-Buy

Stantec (NYSE:STN) (TSE:STN) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

STN has been the subject of a number of other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research report on Monday, November 17th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research note on Thursday. Desjardins restated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Stantec Stock Performance

NYSE:STN opened at $100.42 on Friday. The firm has a 50 day simple moving average of $96.43 and a 200-day simple moving average of $105.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $11.46 billion, a PE ratio of 33.03 and a beta of 1.10. Stantec has a 1-year low of $73.18 and a 1-year high of $114.51.

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

Institutional Investors Weigh In On Stantec

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in shares of Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 1,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Stantec by 15.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after buying an additional 22,524 shares during the period. Jane Street Group LLC grew its stake in shares of Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock valued at $1,828,000 after buying an additional 9,325 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Stantec by 10.6% in the second quarter. Assenagon Asset Management S.A. now owns 3,709 shares of the business services provider’s stock valued at $403,000 after buying an additional 356 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Stantec during the 2nd quarter valued at about $229,000. Institutional investors and hedge funds 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.