Stantec (STN) Downgraded by Raymond James

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Raymond James cut shares of Stantec (NYSE:STN) (TSE:STN) from an outperform rating to a market perform rating in a research report released on Friday morning, MarketBeat Ratings reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Stantec from a sell rating to a hold rating in a report on Tuesday, August 14th. ValuEngine raised shares of Stantec from a sell rating to a hold rating in a report on Tuesday, September 18th. Scotiabank raised shares of Stantec from a sector perform rating to an outperform rating in a report on Friday, October 19th. CIBC raised shares of Stantec from a neutral rating to a sector outperform rating in a report on Friday, October 19th. Finally, Scotia Howard Weill raised shares of Stantec from a sector perform rating to a sector outperform rating in a report on Friday, October 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Stantec currently has an average rating of Hold and an average target price of $29.00.

Shares of STN traded down $1.76 during trading hours on Friday, reaching $24.22. 31,624 shares of the company traded hands, compared to its average volume of 27,797. The firm has a market capitalization of $3.02 billion, a PE ratio of 17.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. Stantec has a 12-month low of $23.95 and a 12-month high of $29.25.

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

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

Several hedge funds have recently bought and sold shares of STN. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Stantec by 16.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock worth $183,540,000 after acquiring an additional 1,014,400 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Stantec by 54.7% during the 2nd quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock worth $26,577,000 after acquiring an additional 365,729 shares in the last quarter. Addenda Capital Inc. boosted its stake in shares of Stantec by 96.5% during the 2nd quarter. Addenda Capital Inc. now owns 436,396 shares of the business services provider’s stock worth $11,029,000 after acquiring an additional 214,263 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its stake in shares of Stantec by 8.1% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock worth $50,710,000 after acquiring an additional 147,725 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its stake in shares of Stantec by 60.1% during the 2nd quarter. Intact Investment Management Inc. now owns 295,600 shares of the business services provider’s stock worth $9,965,000 after acquiring an additional 111,000 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Dollar Cost Averaging

Analyst Recommendations for Stantec (NYSE:STN)

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