Stantec (NYSE:STN) Stock Rating Upgraded by Raymond James

Stantec (NYSE:STN) (TSE:STN) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday,Finviz reports.

Several other analysts have also recently commented on the stock. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stantec presently has a consensus rating of “Moderate Buy”.

Stantec Stock Up 9.7 %

Shares of Stantec stock opened at $83.77 on Wednesday. Stantec has a 1 year low of $73.18 and a 1 year high of $88.42. The company has a market cap of $9.56 billion, a P/E ratio of 38.08 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $78.07 and a 200 day moving average price of $80.93.

Hedge Funds Weigh In On Stantec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in shares of Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider’s stock worth $39,000 after purchasing an additional 424 shares during the last quarter. Blue Trust Inc. increased its position in Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after buying an additional 867 shares during the last quarter. Natixis increased its position in Stantec by 114.8% during the fourth quarter. Natixis now owns 1,781 shares of the business services provider’s stock worth $140,000 after buying an additional 952 shares during the last quarter. US Bancorp DE raised its holdings in Stantec by 30.3% during the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after buying an additional 493 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Stantec in the fourth quarter worth about $205,000. Institutional investors own 63.86% of the company’s stock.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.