Stantec Inc. (NYSE:STN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Stantec Inc. (NYSE:STNGet Free Report) (TSE:STN) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

STN has been the subject of a number of recent research reports. Scotiabank started coverage on shares of Stantec in a research report on Friday, October 25th. They issued a “sector outperform” rating for the company. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th.

Read Our Latest Report on STN

Stantec Trading Down 3.1 %

Shares of STN stock opened at $78.81 on Friday. Stantec has a 12-month low of $74.98 and a 12-month high of $88.42. The company has a market capitalization of $8.99 billion, a PE ratio of 35.82 and a beta of 1.01. The firm has a 50 day moving average price of $81.26 and a two-hundred day moving average price of $82.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Stantec (NYSE:STNGet Free Report) (TSE:STN) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Stantec had a return on equity of 16.57% and a net margin of 4.78%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm posted $0.85 EPS. As a group, analysts predict that Stantec will post 3.05 earnings per share for the current year.

Stantec Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 0.79%. Stantec’s dividend payout ratio (DPR) is 26.36%.

Institutional Investors Weigh In On Stantec

Several hedge funds and other institutional investors have recently made changes to their positions in STN. Dimensional Fund Advisors LP increased its stake in shares of Stantec by 14.4% in the second quarter. Dimensional Fund Advisors LP now owns 215,049 shares of the business services provider’s stock valued at $17,968,000 after buying an additional 27,060 shares during the period. EverSource Wealth Advisors LLC increased its position in Stantec by 12.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 129 shares during the period. APG Asset Management N.V. bought a new position in shares of Stantec during the second quarter valued at $609,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Stantec by 175.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock worth $105,850,000 after purchasing an additional 806,869 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Stantec in the second quarter worth $2,164,000. 63.86% of the stock is owned by institutional investors.

Stantec Company Profile

(Get Free Report

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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Analyst Recommendations for Stantec (NYSE:STN)

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