Stantec (STN) Downgraded to Hold at CIBC

CIBC cut shares of Stantec (NYSE:STN) (TSE:STN) to a hold rating in a report released on Friday.

STN has been the subject of a number of other research reports. Zacks Investment Research upgraded Stantec from a sell rating to a hold rating in a report on Tuesday, August 14th. Royal Bank of Canada reiterated a hold rating on shares of Stantec in a report on Friday. Scotia Howard Weill upgraded Stantec from a sector perform rating to a sector outperform rating in a report on Friday, October 19th. ValuEngine upgraded Stantec from a sell rating to a hold rating in a report on Tuesday, September 18th. Finally, Howard Weil upgraded Stantec from a sector perform rating to a sector outperform rating in a report on Friday, October 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $29.00.

STN traded down $1.76 during trading on Friday, reaching $24.22. The stock had a trading volume of 31,624 shares, compared to its average volume of 27,797. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 17.81 and a beta of 1.23. Stantec has a one year low of $23.95 and a one year high of $29.25.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The firm had revenue of $690.05 million during the quarter, compared to the consensus estimate of $699.73 million. Stantec had a return on equity of 10.09% and a net margin of 2.58%. On average, analysts predict that Stantec will post 1.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Friday, December 28th will be issued a dividend of $0.1049 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.42 annualized dividend and a dividend yield of 1.73%. Stantec’s payout ratio is presently 30.88%.

Several large investors have recently modified their holdings of STN. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Stantec by 16.6% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock valued at $183,540,000 after acquiring an additional 1,014,400 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Stantec by 54.7% during the second quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock valued at $26,577,000 after acquiring an additional 365,729 shares in the last quarter. Addenda Capital Inc. increased its holdings in shares of Stantec by 96.5% during the second quarter. Addenda Capital Inc. now owns 436,396 shares of the business services provider’s stock valued at $11,029,000 after acquiring an additional 214,263 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in shares of Stantec by 8.1% during the second quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock valued at $50,710,000 after acquiring an additional 147,725 shares in the last quarter. Finally, Intact Investment Management Inc. increased its holdings in shares of Stantec by 60.1% during the second quarter. Intact Investment Management Inc. now owns 295,600 shares of the business services provider’s stock valued at $9,965,000 after acquiring an additional 111,000 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

Featured Story: How is the discount rate different from the Federal Funds rate?

Analyst Recommendations for Stantec (NYSE:STN)

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit