Stantec Inc. (NYSE:STN) (TSE:STN) has received an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.00.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Stantec from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th.
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Several hedge funds have recently bought and sold shares of STN. FMR LLC lifted its holdings in shares of Stantec by 44.2% in the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock worth $180,751,000 after acquiring an additional 2,136,100 shares during the last quarter. Water Asset Management LLC lifted its holdings in shares of Stantec by 471.7% in the first quarter. Water Asset Management LLC now owns 304,537 shares of the business services provider’s stock worth $7,888,000 after acquiring an additional 251,269 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stantec by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock worth $52,830,000 after acquiring an additional 111,310 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Stantec by 3.9% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,510,635 shares of the business services provider’s stock worth $39,147,000 after acquiring an additional 57,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Stantec by 24.5% in the first quarter. Goldman Sachs Group Inc. now owns 68,507 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 13,489 shares during the last quarter. 56.98% of the stock is owned by hedge funds and other institutional investors.
Stantec (NYSE STN) traded up 0.53% during trading on Friday, hitting $28.65. 8,619 shares of the stock were exchanged. The firm has a 50-day moving average of $28.02 and a 200-day moving average of $25.75. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 33.55 and a beta of 1.57. Stantec has a 52 week low of $21.50 and a 52 week high of $28.70.
Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $891.49 million for the quarter, compared to the consensus estimate of $902.78 million. Stantec had a net margin of 2.31% and a return on equity of 10.67%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Equities research analysts anticipate that Stantec will post $1.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from Stantec’s previous quarterly dividend of $0.09. Stantec’s dividend payout ratio is 51.28%.
Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.
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