TheStreet upgraded shares of Stantec Inc. (NYSE:STN) (TSE:STN) from a hold rating to a buy rating in a research report report published on Friday morning.
Several other analysts have also recently commented on STN. Canaccord Genuity set a $33.00 target price on Stantec and gave the stock a hold rating in a research report on Saturday, November 12th. RBC Capital Markets reaffirmed a sector perform rating and issued a $36.00 target price (up previously from $32.00) on shares of Stantec in a research report on Friday, November 11th. Zacks Investment Research lowered Stantec from a hold rating to a sell rating in a report on Tuesday, November 15th. DA Davidson reiterated a hold rating and set a $25.00 price objective on shares of Stantec in a report on Wednesday, November 9th. Finally, National Bank Financial upgraded Stantec from a sector perform rating to an outperform rating in a report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Stantec presently has a consensus rating of Hold and an average price target of $32.78.
Shares of Stantec (NYSE:STN) traded down 0.94% during midday trading on Friday, hitting $26.30. The stock had a trading volume of 14,422 shares. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 29.00 and a beta of 1.46. The firm has a 50-day moving average price of $23.82 and a 200-day moving average price of $24.28. Stantec has a 1-year low of $20.71 and a 1-year high of $26.90.
Stantec (NYSE:STN) last issued its earnings results on Thursday, November 10th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The business earned $1.26 million during the quarter, compared to analysts’ expectations of $918.11 million. Stantec had a return on equity of 10.28% and a net margin of 3.34%. The company’s revenue for the quarter was up 40.7% on a year-over-year basis. On average, equities analysts anticipate that Stantec will post $1.30 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.0842 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.34 annualized dividend and a yield of 1.27%. Stantec’s dividend payout ratio (DPR) is currently 37.36%.
A number of institutional investors have recently bought and sold shares of STN. Public Sector Pension Investment Board raised its position in Stantec by 8.4% in the second quarter. Public Sector Pension Investment Board now owns 787,480 shares of the company’s stock valued at $18,997,000 after buying an additional 61,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Stantec by 2.2% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,026,102 shares of the company’s stock valued at $32,148,000 after buying an additional 21,770 shares in the last quarter. I.G. Investment Management LTD. increased its stake in shares of Stantec by 28.6% in the second quarter. I.G. Investment Management LTD. now owns 797,680 shares of the company’s stock valued at $19,346,000 after buying an additional 177,480 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in shares of Stantec during the second quarter valued at about $1,272,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Stantec during the second quarter valued at about $2,797,000. Institutional investors own 54.87% of the company’s stock.
Stantec Company Profile