Stantec (NYSE:STN) Stock Rating Upgraded by Zacks Investment Research

Stantec (NYSE:STN) (TSE:STN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

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 a number of other research reports. BMO Capital Markets lowered their target price on Stantec from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. CIBC restated a “hold” rating and issued a $35.00 target price on shares of Stantec in a research note on Friday, August 9th. Finally, Raymond James restated a “hold” rating and issued a $34.50 target price on shares of Stantec in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.90.

Shares of STN opened at $21.42 on Thursday. Stantec has a 52 week low of $20.22 and a 52 week high of $26.74. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 15.86 and a beta of 1.16. The stock’s 50-day moving average price is $21.90 and its 200-day moving average price is $23.34.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). Stantec had a return on equity of 10.70% and a net margin of 1.33%. The company had revenue of $712.92 million during the quarter, compared to analysts’ expectations of $706.38 million. As a group, equities analysts anticipate that Stantec will post 1.45 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in Stantec by 1.3% during the second quarter. Russell Investments Group Ltd. now owns 74,189 shares of the business services provider’s stock worth $1,785,000 after purchasing an additional 931 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Stantec by 8.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,700 shares of the business services provider’s stock valued at $450,000 after acquiring an additional 1,407 shares during the last quarter. Swiss National Bank raised its holdings in shares of Stantec by 1.1% during the second quarter. Swiss National Bank now owns 210,670 shares of the business services provider’s stock valued at $5,056,000 after acquiring an additional 2,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Stantec by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 21,187 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 2,709 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Stantec by 4.5% during the second quarter. CIBC Asset Management Inc now owns 65,226 shares of the business services provider’s stock valued at $1,565,000 after acquiring an additional 2,784 shares during the last quarter. Institutional investors own 62.30% 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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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