Stantec Inc. (NYSE:STN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been assigned a consensus rating of “Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $58.38.

STN has been the subject of a number of research reports. Raymond James lifted their price objective on shares of Stantec from C$58.00 to C$63.00 and gave the company an “outperform” rating in a report on Wednesday, July 14th. Desjardins boosted their price target on shares of Stantec from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, May 10th. Canaccord Genuity boosted their price target on shares of Stantec from $55.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, April 19th. CIBC upped their target price on shares of Stantec from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, April 13th. Finally, Scotiabank upped their target price on shares of Stantec from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 6th.

Shares of STN stock opened at $45.69 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $44.75. Stantec has a 12 month low of $28.10 and a 12 month high of $47.56. The stock has a market capitalization of $5.08 billion, a P/E ratio of 37.45 and a beta of 0.90.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, May 5th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The company had revenue of $674.29 million during the quarter, compared to analysts’ expectations of $741.17 million. Stantec had a net margin of 3.95% and a return on equity of 12.59%. As a group, analysts anticipate that Stantec will post 1.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th were paid a dividend of $0.1346 per share. This is a boost from Stantec’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, June 29th. Stantec’s dividend payout ratio (DPR) is currently 14.46%.

Several institutional investors have recently added to or reduced their stakes in STN. Pembroke Management LTD raised its holdings in Stantec by 0.7% in the first quarter. Pembroke Management LTD now owns 87,851 shares of the business services provider’s stock valued at $4,726,000 after buying an additional 620 shares during the period. Ritholtz Wealth Management raised its holdings in Stantec by 4.0% in the first quarter. Ritholtz Wealth Management now owns 16,999 shares of the business services provider’s stock valued at $727,000 after buying an additional 652 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Stantec during the first quarter valued at approximately $43,000. Tortoise Capital Advisors L.L.C. raised its stake in shares of Stantec by 10.8% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 12,551 shares of the business services provider’s stock valued at $537,000 after purchasing an additional 1,223 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Stantec during the first quarter valued at approximately $66,000. 60.36% of the stock is currently owned by institutional investors.

Stantec Company Profile

Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Further Reading: What is a Buy-Side Analyst?

Analyst Recommendations for Stantec (NYSE:STN)

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