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

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Stantec Inc. (NYSE: STN) (TSE: STN) received an average “Buy” rating from the fifteen analysts who cover the company, Marketbeat reports. One investment analyst rated the stock with a sell rating, five issued a conservation rating, and eight assigned a buy rating to the company. The 12-month average target price among brokers who updated their equity coverage in the past year is $ 75.50.

The STN has been the subject of several research reports. CIBC raised its target price for Stantec shares from C $ 73.00 to C $ 78.00 and assigned the stock an “outperformance” rating in a research report on Friday, October 22. Desjardins raised its price target on Stantec shares from C $ 75 to C $ 81.00 and assigned a “buy” rating to the stock in a report released on Monday, November 8. Stifel Nicolaus raised his price target for Stantec shares from C $ 70.00 to C $ 79.00 and gave the stock a “buy” rating in a report released on Monday, October 25. The Maxim Group increased its target price on Stantec shares from C $ 72.00 to C $ 80.00 and assigned the company a “sector performance” rating in a report released on Wednesday January 5th. Finally, they increased their target price on Stantec shares from C $ 71.00 to C $ 82.00 and gave the company a “buy” rating in a report released on Friday, October 22.

NYSE STN shares opened at $ 54.57 on Thursday. The company has a debt ratio of 0.25, a current ratio of 1.35, and a rapid ratio of 1.35. Stantec has a 52 week low of $ 34.09 and a 52 week high of $ 58.50. The company has a 50-day moving average of $ 55.48. The company has a market cap of $ 6.07 billion, a PE ratio of 38.16 and a beta of 0.90.

Stantec (NYSE: STN) (TSE: STN) last reported its quarterly results on Wednesday, November 3. The business services provider reported EPS of $ 0.57 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.54 per $ 0.03. Stantec had a net margin of 4.48% and a return on equity of 14.00%. The company posted revenue of $ 740.94 million in the quarter, against analysts’ expectations of $ 775.32 million. Research analysts predict that Stantec will post earnings per share of 1.93 for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.133 per share. The ex-dividend date for this dividend is Thursday, December 30. This represents an annualized dividend of $ 0.53 and a dividend yield of 0.97%. This is a positive change from Stantec’s previous quarterly dividend of $ 0.13. Stantec’s dividend payout ratio is currently 36.36%.

Several institutional investors have recently increased or reduced their holdings in STN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. increased its position in Stantec shares by 15.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. now owns 415,226 shares of the business service provider valued at $ 18,524,000 after acquiring an additional 55,083 shares during the last quarter. Citigroup Inc. increased its position in Stantec by 91.0% in the 2nd quarter. Citigroup Inc. now owns 33,597 shares of the business services provider valued at $ 1,501,000 after purchasing an additional 16,010 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Stantec by 43.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 55,200 shares of the business services provider valued at $ 3,053,000 after purchasing an additional 16,600 shares in the last quarter. The Toronto Dominion Bank increased its position in Stantec by 166.7% in the second quarter. The Toronto Dominion Bank now owns 237,220 shares of the business services provider valued at $ 9,674,000 after purchasing an additional 148,275 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in Stantec by 0.6% in the second quarter. Cidel Asset Management Inc. now owns 676,618 shares of the business services provider valued at $ 30,222,000 after purchasing an additional 4,162 shares in the last quarter. Institutional investors and hedge funds hold 59.65% of the company’s shares.

About Stantec

Stantec, Inc is committed to providing general and architectural design solutions. It operates through the following segments: Buildings; Energy and resources; Environmental services; Infrastructure; and water. The Buildings segment provides preconception, design and construction administration services in the areas of planning, architecture, building engineering and interior design services for vertical infrastructure.

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Analyst Recommendations for Stantec (NYSE: STN)

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