Stantec Inc. (NYSE:STN) (TSE:STN) – Analysts at KeyCorp reduced their FY2017 EPS estimates for Stantec in a note issued to investors on Wednesday. KeyCorp analyst T. Afzal now anticipates that the business services provider will post earnings of $1.51 per share for the year, down from their previous estimate of $1.53. KeyCorp also issued estimates for Stantec’s Q4 2017 earnings at $0.38 EPS.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada assumed coverage on shares of Stantec in a report on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 target price on the stock. BidaskClub upgraded shares of Stantec from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th. Three equities 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 $35.67.
Stantec (STN) opened at $27.70 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3,156.28, a PE ratio of 20.22 and a beta of 1.60. Stantec has a fifty-two week low of $22.25 and a fifty-two week high of $28.90.
Several hedge funds have recently modified their holdings of STN. Bank of New York Mellon Corp lifted its holdings in shares of Stantec by 17.4% in 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 acquiring an additional 2,300 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stantec by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock worth $52,830,000 after acquiring an additional 111,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Stantec by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 102,219 shares of the business services provider’s stock worth $2,653,000 after acquiring an additional 5,114 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Stantec by 8.7% in the 1st quarter. Credit Suisse AG now owns 70,620 shares of the business services provider’s stock worth $1,829,000 after acquiring an additional 5,668 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Stantec by 24.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 68,507 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 13,489 shares during the last quarter. Hedge funds and other institutional investors own 57.44% of the company’s stock.
Stantec declared that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to repurchase 2,280,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be issued a $0.098 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.39 annualized dividend and a dividend yield of 1.42%. Stantec’s dividend payout ratio is currently 51.95%.
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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