FY2018 EPS Estimates for Stantec Inc. (STN) Cut by National Bank Financial

Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at National Bank Financial dropped their FY2018 EPS estimates for shares of Stantec in a note issued to investors on Tuesday, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $2.53 per share for the year, down from their previous estimate of $2.66.

Several other analysts also recently weighed in on the company. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$39.00 price objective on shares of Stantec in a research report on Tuesday, March 21st. TD Securities reiterated a “hold” rating and issued a C$38.00 price objective on shares of Stantec in a research report on Wednesday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$36.00 price objective on shares of Stantec in a research report on Wednesday, March 22nd. Finally, Scotiabank reiterated an “outperform” rating and issued a C$40.00 price objective on shares of Stantec in a research report on Wednesday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stantec has an average rating of “Hold” and an average target price of C$36.13.

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Stantec (TSE:STN) traded down 0.74% on Thursday, hitting $33.60. 304,170 shares of the stock were exchanged. Stantec has a 52-week low of $28.74 and a 52-week high of $36.85. The company has a 50-day moving average price of $34.68 and a 200-day moving average price of $33.98. The firm has a market cap of $3.83 billion and a PE ratio of 27.54.

In other news, Director Carl Frank Clayton sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of C$35.28, for a total transaction of C$352,800.00.

About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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