Stantec Inc. (NYSE:STN) (TSE:STN) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.67.
A number of equities research analysts have commented on STN shares. BMO Capital Markets restated a “buy” rating on shares of Stantec in a research note on Thursday, February 28th. Royal Bank of Canada restated an “average” rating and set a $36.00 target price on shares of Stantec in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a research note on Friday, March 15th. Finally, Raymond James restated a “neutral” rating and set a $35.00 target price on shares of Stantec in a research note on Monday, May 13th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. CLARET ASSET MANAGEMENT Corp grew its holdings in Stantec by 1.0% during the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 84,282 shares of the business services provider’s stock valued at $1,994,000 after buying an additional 835 shares in the last quarter. Beutel Goodman & Co Ltd. purchased a new stake in Stantec during the 1st quarter valued at approximately $27,000. CIBC Asset Management Inc grew its holdings in Stantec by 3.2% during the 4th quarter. CIBC Asset Management Inc now owns 62,509 shares of the business services provider’s stock valued at $1,370,000 after buying an additional 1,929 shares in the last quarter. Swiss National Bank grew its holdings in shares of Stantec by 1.5% in the first quarter. Swiss National Bank now owns 208,470 shares of the business services provider’s stock valued at $4,928,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Stantec by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 143,711 shares of the business services provider’s stock valued at $3,142,000 after purchasing an additional 5,008 shares in the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.
NYSE STN traded up $0.04 on Friday, reaching $23.83. 11,989 shares of the stock were exchanged, compared to its average volume of 14,137. Stantec has a one year low of $21.44 and a one year high of $26.74. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 17.02 and a beta of 1.17. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.88.
Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, May 9th. The business services provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Stantec had a net margin of 1.12% and a return on equity of 10.03%. The company had revenue of $680.04 million for the quarter, compared to analysts’ expectations of $675.48 million. Sell-side analysts forecast that Stantec will post 1.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.108 per share. This represents a $0.43 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, June 27th. Stantec’s dividend payout ratio (DPR) is currently 31.43%.
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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