Stantec Inc. (STN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.50.

STN has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of Stantec in a research note on Thursday, February 28th. Royal Bank of Canada reissued an “average” rating and issued a $36.00 price objective on shares of Stantec in a report on Friday, March 1st. Zacks Investment Research raised Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. TheStreet raised Stantec from a “c” rating to a “b-” rating in a report on Friday, March 15th. Finally, Raymond James reissued a “neutral” rating and issued a $35.00 price objective on shares of Stantec in a report on Monday.

NYSE STN opened at $23.79 on Tuesday. The firm has a market cap of $2.63 billion, a PE ratio of 16.99 and a beta of 1.19. Stantec has a one year low of $21.44 and a one year high of $26.74. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.46.



Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, February 28th. The business services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $632.33 million for the quarter, compared to the consensus estimate of $623.45 million. Stantec had a return on equity of 9.89% and a net margin of 1.12%. As a group, sell-side analysts forecast that Stantec will post 1.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.108 dividend. This represents a $0.43 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, June 27th. Stantec’s dividend payout ratio (DPR) is currently 31.43%.

A number of institutional investors and hedge funds have recently made changes to their positions in STN. Bank of New York Mellon Corp increased its holdings in Stantec by 65.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,023 shares of the business services provider’s stock worth $398,000 after acquiring an additional 6,317 shares during the last quarter. Vanguard Group Inc. increased its holdings in Stantec by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,844,481 shares of the business services provider’s stock worth $70,685,000 after acquiring an additional 173,647 shares during the last quarter. Vanguard Group Inc increased its holdings in Stantec by 6.5% in the 3rd quarter. Vanguard Group Inc now owns 2,844,481 shares of the business services provider’s stock worth $70,685,000 after acquiring an additional 173,647 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Stantec by 44.7% in the 4th quarter. Mackenzie Financial Corp now owns 9,416,402 shares of the business services provider’s stock worth $205,843,000 after acquiring an additional 2,909,622 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp grew its holdings in Stantec by 1.7% during the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 83,447 shares of the business services provider’s stock valued at $1,830,000 after buying an additional 1,426 shares in the last quarter. 67.13% of the stock is owned by institutional investors.

About Stantec

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.

Recommended Story: What are municipal bonds?

Analyst Recommendations for Stantec (NYSE:STN)

Receive News & Ratings for Stantec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec and related companies with MarketBeat.com's FREE daily email newsletter.