Stantec (NYSE:STN) Hits New 1-Year High at $26.44

Stantec Inc. (NYSE:STN) (TSE:STN)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $26.44 and last traded at $26.22, with a volume of 51095 shares trading hands. The stock had previously closed at $25.04.

STN has been the subject of a number of recent research reports. TD Securities upgraded Stantec from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised Stantec from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Saturday, November 2nd. CIBC raised Stantec from a “neutral” rating to a “sector outperform” rating in a research note on Thursday. BMO Capital Markets reduced their target price on Stantec from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $33.30.

The firm has a market cap of $2.40 billion, a P/E ratio of 19.10 and a beta of 1.16. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average price is $21.80 and its two-hundred day moving average price is $23.03.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.07). Stantec had a return on equity of 10.70% and a net margin of 1.33%. The business had revenue of $712.92 million for the quarter, compared to analyst estimates of $706.38 million. Research analysts predict that Stantec Inc. will post 1.46 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its stake in Stantec by 1.0% in the 3rd quarter. CIBC Asset Management Inc now owns 65,870 shares of the business services provider’s stock worth $1,458,000 after acquiring an additional 644 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Stantec by 237.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,218 shares of the business services provider’s stock valued at $27,000 after buying an additional 857 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Stantec by 1.3% in the second quarter. Russell Investments Group Ltd. now owns 74,189 shares of the business services provider’s stock valued at $1,785,000 after purchasing an additional 931 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Stantec by 8.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,700 shares of the business services provider’s stock worth $450,000 after buying an additional 1,407 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Stantec by 1.1% in the second quarter. Swiss National Bank now owns 210,670 shares of the business services provider’s stock worth $5,056,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 66.21% of the company’s stock.

About Stantec (NYSE:STN)

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

Read More: What is a bull market?

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.