Stantec Inc. (NYSE:STN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company.

Several equities research analysts have recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Zacks Research upgraded Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Desjardins reiterated a “buy” rating on shares of Stantec in a report on Monday, November 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st.

Stantec Stock Performance

Shares of STN stock opened at $90.07 on Wednesday. The stock has a market capitalization of $10.27 billion, a PE ratio of 29.63 and a beta of 1.12. The business’s 50 day simple moving average is $96.70 and its 200 day simple moving average is $102.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. Stantec has a one year low of $75.94 and a one year high of $114.51.

Hedge Funds Weigh In On Stantec

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its position in Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after buying an additional 1,558,703 shares in the last quarter. Norges Bank acquired a new position in shares of Stantec during the second quarter worth approximately $157,932,000. BCV Asset Management Inc. bought a new position in shares of Stantec in the 4th quarter worth $93,015,000. Bank of Montreal Can increased its stake in Stantec by 25.2% during the 4th quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after purchasing an additional 897,912 shares in the last quarter. Finally, Man Group plc raised its holdings in Stantec by 103.5% during the fourth quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock worth $149,247,000 after buying an additional 803,322 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Company Profile

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.