Shares of Stantec Inc. (NYSE:STN) have earned an average rating of “Hold” from the ten analysts that are currently covering the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.00.
STN has been the subject of several research reports. Scotiabank lowered shares of Stantec from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $36.00 to $34.00 in a research report on Friday, August 5th. National Bank Financial upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 17th. TD Securities restated a “hold” rating and set a $35.00 price objective (down previously from $37.00) on shares of Stantec in a research report on Wednesday, August 10th. Finally, Zacks Investment Research lowered shares of Stantec from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th.
Shares of Stantec (NYSE:STN) opened at 23.42 on Thursday. The company has a 50-day moving average of $23.40 and a 200-day moving average of $24.61. The stock has a market capitalization of $2.67 billion, a P/E ratio of 23.78 and a beta of 1.36. Stantec has a 12-month low of $20.71 and a 12-month high of $26.87.
Stantec (NYSE:STN) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Stantec had a net margin of 3.88% and a return on equity of 10.55%. The company earned $1.05 billion during the quarter, compared to analyst estimates of $591.70 million. Equities analysts expect that Stantec will post $1.30 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Friday, September 30th were given a $0.0863 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, September 28th. Stantec’s dividend payout ratio (DPR) is 34.34%.
Several hedge funds have recently bought and sold shares of the company. AXA raised its stake in Stantec by 3.8% in the second quarter. AXA now owns 8,100 shares of the company’s stock worth $195,000 after buying an additional 300 shares during the period. Bank of Nova Scotia Trust Co. raised its stake in Stantec by 3.4% in the first quarter. Bank of Nova Scotia Trust Co. now owns 9,561 shares of the company’s stock worth $242,000 after buying an additional 315 shares during the period. 1st Global Advisors Inc. raised its stake in Stantec by 3.9% in the second quarter. 1st Global Advisors Inc. now owns 10,435 shares of the company’s stock worth $253,000 after buying an additional 393 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Stantec by 0.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 328,624 shares of the company’s stock worth $7,928,000 after buying an additional 2,006 shares during the period. Finally, Bank of Nova Scotia raised its stake in Stantec by 18.6% in the second quarter. Bank of Nova Scotia now owns 30,781 shares of the company’s stock worth $746,000 after buying an additional 4,825 shares during the period. 54.10% of the stock is owned by institutional investors and hedge funds.