Stantec (STN) Earning Somewhat Favorable News Coverage, Report Shows

News coverage about Stantec (NYSE:STN) (TSE:STN) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Stantec earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.8005456309849 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Stantec (NYSE:STN) traded down $0.50 during mid-day trading on Wednesday, hitting $28.10. The stock had a trading volume of 12,139 shares, compared to its average volume of 22,500. The stock has a market cap of $3,260.00, a P/E ratio of 34.69 and a beta of 1.58. Stantec has a 52-week low of $22.25 and a 52-week high of $28.90. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be paid a $0.098 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.40%. Stantec’s dividend payout ratio (DPR) is currently 48.15%.

Stantec declared that its board has initiated a share buyback program on Thursday, November 9th that permits the company to repurchase 2,280,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have recently issued reports on STN shares. Zacks Investment Research downgraded Stantec from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada started coverage on Stantec in a research note on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.00.

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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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