Shares of Stantec Inc. (NYSE:STN) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.00.
A number of research firms have recently commented on STN. Zacks Investment Research lowered shares of Stantec from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. TD Securities reaffirmed a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Stantec in a research note on Wednesday, August 10th. National Bank Financial raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 17th. Finally, Scotiabank lowered shares of Stantec from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Friday, August 5th.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Stantec by 39.6% in the first quarter. Franklin Resources Inc. now owns 2,940,730 shares of the company’s stock valued at $74,775,000 after buying an additional 834,026 shares in the last quarter. Credit Agricole S A increased its position in Stantec by 900.0% in the first quarter. Credit Agricole S A now owns 102,000 shares of the company’s stock valued at $2,587,000 after buying an additional 91,800 shares during the last quarter. 1832 Asset Management L.P. increased its position in Stantec by 60.8% in the first quarter. 1832 Asset Management L.P. now owns 3,386,761 shares of the company’s stock valued at $144,289,000 after buying an additional 1,280,622 shares during the last quarter. UBS Group AG increased its position in Stantec by 301.4% in the first quarter. UBS Group AG now owns 74,061 shares of the company’s stock valued at $1,878,000 after buying an additional 55,611 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in Stantec by 26.5% in the first quarter. Scotia Capital Inc. now owns 135,675 shares of the company’s stock valued at $3,448,000 after buying an additional 28,460 shares during the last quarter. 54.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stantec (NYSE:STN) traded up 0.69% during mid-day trading on Thursday, reaching $23.48. 14,921 shares of the company’s stock traded hands. Stantec has a 12 month low of $20.71 and a 12 month high of $26.87. The stock has a market cap of $2.68 billion, a PE ratio of 23.84 and a beta of 1.36. The firm has a 50 day moving average price of $23.42 and a 200-day moving average price of $24.64.
Stantec (NYSE:STN) last posted its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. Stantec had a net margin of 3.88% and a return on equity of 10.55%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $591.70 million. On average, analysts predict that Stantec will post $1.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a dividend of $0.0863 per share. This represents a $0.35 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, September 28th. Stantec’s dividend payout ratio is presently 34.34%.
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 segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
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