Stantec (STN) Stock Rating Reaffirmed by Royal Bank of Canada

Royal Bank of Canada restated their hold rating on shares of Stantec (NYSE:STN) (TSE:STN) in a research report report published on Friday morning.

Other equities research analysts also recently issued research reports about the stock. Raymond James downgraded shares of Stantec from an outperform rating to a market perform rating in a research report on Friday. ValuEngine downgraded shares of Stantec from a hold rating to a sell rating in a research report on Thursday, September 6th. Scotia Howard Weill raised shares of Stantec from a sector perform rating to a sector outperform rating in a research report on Friday, October 19th. Howard Weil raised shares of Stantec from a sector perform rating to a sector outperform rating in a research report on Friday, October 19th. Finally, Zacks Investment Research downgraded shares of Stantec from a hold rating to a sell rating in a research report on Wednesday, October 10th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $29.00.

Shares of STN traded down $1.76 during midday trading on Friday, hitting $24.22. The company had a trading volume of 31,624 shares, compared to its average volume of 27,797. The company has a market capitalization of $3.02 billion, a P/E ratio of 17.81 and a beta of 1.23. Stantec has a 52 week low of $23.95 and a 52 week high of $29.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). The company had revenue of $690.05 million during the quarter, compared to the consensus estimate of $699.73 million. Stantec had a return on equity of 10.09% and a net margin of 2.58%. As a group, sell-side analysts expect that Stantec will post 1.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Friday, December 28th will be issued a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, December 27th. Stantec’s dividend payout ratio (DPR) is presently 30.88%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Stantec by 65.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,023 shares of the business services provider’s stock valued at $398,000 after buying an additional 6,317 shares during the period. Swiss National Bank boosted its holdings in shares of Stantec by 2.5% in the 3rd quarter. Swiss National Bank now owns 203,670 shares of the business services provider’s stock valued at $5,048,000 after buying an additional 4,900 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Stantec by 24.3% in the 3rd quarter. Toronto Dominion Bank now owns 192,367 shares of the business services provider’s stock valued at $4,785,000 after buying an additional 37,637 shares during the period. CLARET ASSET MANAGEMENT Corp boosted its holdings in shares of Stantec by 5.3% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 82,021 shares of the business services provider’s stock valued at $2,040,000 after buying an additional 4,109 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Stantec by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 716,881 shares of the business services provider’s stock valued at $17,814,000 after buying an additional 10,500 shares during the period. 58.51% of the stock is owned by institutional investors and hedge funds.

About Stantec

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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