Stantec Inc. (NYSE:STN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company.

STN has been the topic of a number of research reports. Desjardins reaffirmed a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Wall Street Zen upgraded Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On Stantec

Institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its stake in shares of Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after purchasing an additional 1,558,703 shares during the period. Norges Bank acquired a new stake in shares of Stantec during the 2nd quarter worth about $157,932,000. BCV Asset Management Inc. bought a new position in Stantec during the 4th quarter valued at about $93,015,000. Bank of Montreal Can boosted its position in Stantec by 25.2% in the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock valued at $421,321,000 after buying an additional 897,912 shares in the last quarter. Finally, Man Group plc boosted its position in Stantec by 103.5% in the fourth quarter. Man Group plc now owns 1,579,537 shares of the business services provider’s stock valued at $149,247,000 after buying an additional 803,322 shares in the last quarter. 63.86% of the stock is owned by institutional investors and hedge funds.

Stantec Trading Up 0.7%

Stantec stock opened at $90.07 on Wednesday. The firm has a market capitalization of $10.27 billion, a PE ratio of 29.63 and a beta of 1.12. The business’s 50-day simple moving average is $96.70 and its 200-day simple moving average is $103.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.27 and a current ratio of 1.27. Stantec has a 52 week low of $75.94 and a 52 week high of $114.51.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.