Stantec (NYSE:STN) Downgraded by Wall Street Zen to Hold

Stantec (NYSE:STN) (TSE:STN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Stantec in a research note on Friday, August 14th. Finally, Weiss Ratings raised shares of Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Stantec has a consensus rating of “Moderate Buy” and an average target price of $175.00.

Stantec Price Performance

Shares of STN stock opened at $69.22 on Friday. The firm has a fifty day moving average of $71.01 and a two-hundred day moving average of $75.01. The firm has a market cap of $7.76 billion, a P/E ratio of 16.71 and a beta of 1.01. Stantec has a 1-year low of $65.35 and a 1-year high of $114.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, research analysts anticipate that Stantec will post 4.42 earnings per share for the current fiscal year.

Institutional Trading of Stantec

Hedge funds have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. increased its holdings in shares of Stantec by 14.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 501,873 shares of the business services provider’s stock worth $33,835,000 after purchasing an additional 64,282 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Stantec by 6.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 891,558 shares of the business services provider’s stock valued at $59,656,000 after purchasing an additional 57,145 shares during the period. Cardinal Capital Management Inc. bought a new position in shares of Stantec during the 3rd quarter worth approximately $109,514,000. Fortitude Family Office LLC acquired a new stake in Stantec during the 3rd quarter valued at $32,000. Finally, Farther Finance Advisors LLC boosted its stake in Stantec by 67.9% in the third quarter. Farther Finance Advisors LLC now owns 1,236 shares of the business services provider’s stock worth $83,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

About Stantec

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects across the buildings, energy and resources, environment, and water sectors.

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.