SPDR MSCI Europe Energy UCITS ETF (STN) Lifted to “B-” at TheStreet

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Monday.

A number of other brokerages also recently issued reports on STN. Zacks Investment Research upgraded SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday. BidaskClub upgraded SPDR MSCI Europe Energy UCITS ETF from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Desjardins upgraded SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.20.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) opened at 26.555 on Monday. SPDR MSCI Europe Energy UCITS ETF has a 12-month low of $21.50 and a 12-month high of $28.05. The company has a market cap of $3.02 billion, a PE ratio of 32.110 and a beta of 1.62. The stock has a 50 day moving average of $25.40 and a 200-day moving average of $25.33.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The firm had revenue of $891.49 million during the quarter, compared to the consensus estimate of $902.78 million. SPDR MSCI Europe Energy UCITS ETF had a return on equity of 10.67% and a net margin of 2.31%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. On average, equities research analysts anticipate that SPDR MSCI Europe Energy UCITS ETF will post $1.54 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in SPDR MSCI Europe Energy UCITS ETF by 163.2% in the first quarter. Tower Research Capital LLC TRC now owns 4,038 shares of the business services provider’s stock worth $140,000 after buying an additional 2,504 shares during the last quarter. Karp Capital Management Corp purchased a new stake in SPDR MSCI Europe Energy UCITS ETF during the first quarter worth $248,000. Lowe Brockenbrough & Co. Inc. increased its stake in SPDR MSCI Europe Energy UCITS ETF by 4.7% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 9,940 shares of the business services provider’s stock worth $257,000 after buying an additional 450 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in SPDR MSCI Europe Energy UCITS ETF during the first quarter worth $342,000. Finally, Bank of New York Mellon Corp increased its stake in SPDR MSCI Europe Energy UCITS ETF by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the last quarter. Institutional investors own 57.30% of the company’s stock.

SPDR MSCI Europe Energy UCITS ETF Company Profile

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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