Zacks Investment Research cut shares of Stantec Inc. (NYSE:STN) (TSE:STN) from a buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “
STN has been the topic of several other research reports. BidaskClub raised Stantec from a sell rating to a hold rating in a report on Thursday, August 17th. Royal Bank Of Canada assumed coverage on Stantec in a report on Monday, October 23rd. They issued a sector perform rating and a $40.00 price target on the stock. Finally, TheStreet raised Stantec from a c rating to a b- rating in a report on Monday, August 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $33.00.
Shares of Stantec (NYSE:STN) opened at 28.85 on Wednesday. The firm has a market cap of $3.28 billion, a PE ratio of 33.78 and a beta of 1.57. The firm’s 50-day moving average price is $28.23 and its 200-day moving average price is $25.92. Stantec has a one year low of $21.50 and a one year high of $28.90.
Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company had revenue of $891.49 million for the quarter, compared to analysts’ expectations of $902.78 million. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. Equities research analysts expect that Stantec will post $1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.39%. This is a boost from Stantec’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, September 28th. Stantec’s payout ratio is presently 51.28%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in Stantec by 163.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,038 shares of the business services provider’s stock worth $140,000 after purchasing an additional 2,504 shares in the last quarter. Karp Capital Management Corp purchased a new position in Stantec during the 1st quarter worth approximately $248,000. Bank of New York Mellon Corp grew its position in Stantec by 17.4% during the 1st quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after purchasing an additional 2,300 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in Stantec during the 3rd quarter worth approximately $442,000. Finally, K.J. Harrison & Partners Inc grew its position in Stantec by 6.3% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 45,800 shares of the business services provider’s stock worth $1,268,000 after purchasing an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 57.15% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Stantec Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Stantec Inc. and related companies.