Stantec Inc. (STN) Receives Average Rating of “Hold” from Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been assigned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.00.

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded Stantec from a “c+” rating to a “b-” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded Stantec from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, July 11th. ValuEngine upgraded Stantec from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, CIBC downgraded Stantec from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, July 5th.

Shares of STN stock traded down $0.17 on Monday, reaching $24.80. 5,100 shares of the stock were exchanged, compared to its average volume of 20,848. The company has a market cap of $2.83 billion, a P/E ratio of 18.26 and a beta of 1.57. Stantec has a one year low of $24.05 and a one year high of $29.25. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 8th. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.10). The firm had revenue of $703.54 million for the quarter, compared to the consensus estimate of $705.24 million. Stantec had a return on equity of 10.09% and a net margin of 2.58%. As a group, equities research analysts anticipate that Stantec will post 1.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 28th will be issued a $0.106 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.42 dividend on an annualized basis and a yield of 1.71%. Stantec’s dividend payout ratio is presently 30.88%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec increased its holdings in Stantec by 16.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after purchasing an additional 1,014,400 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in Stantec by 8.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock valued at $50,710,000 after purchasing an additional 147,725 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in Stantec by 4.0% in the second quarter. Van Berkom & Associates Inc. now owns 1,340,580 shares of the business services provider’s stock valued at $34,421,000 after purchasing an additional 51,728 shares during the last quarter. TD Asset Management Inc. increased its holdings in Stantec by 54.7% in the second quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock valued at $26,577,000 after purchasing an additional 365,729 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Stantec by 8.3% in the second quarter. Bank of Montreal Can now owns 461,806 shares of the business services provider’s stock valued at $11,845,000 after purchasing an additional 35,461 shares during the last quarter. Institutional investors and hedge funds own 58.34% of the company’s stock.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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