Stantec Inc. (NYSE:STN) (TSE:STN) has earned an average rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $61.96.
A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Stantec from $53.00 to $59.00 and gave the company a “sector perform” rating in a research report on Friday, August 6th. TD Securities increased their price objective on shares of Stantec from C$64.00 to C$69.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Scotiabank lifted their target price on shares of Stantec from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. National Bankshares lowered Stantec to a “hold” rating and set a $60.00 price target for the company. in a research note on Friday, August 6th. Finally, BMO Capital Markets raised their price target on Stantec from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Thursday, August 5th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in shares of Stantec during the 1st quarter worth approximately $43,000. Banque Cantonale Vaudoise purchased a new position in Stantec in the 1st quarter worth about $66,000. Paloma Partners Management Co bought a new stake in Stantec during the 2nd quarter valued at about $205,000. Weil Company Inc. purchased a new stake in Stantec in the 1st quarter valued at about $250,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Stantec in the first quarter valued at approximately $257,000. Institutional investors own 59.89% of the company’s stock.
Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 4th. The business services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $758.16 million. Stantec had a return on equity of 13.39% and a net margin of 4.28%. Equities research analysts expect that Stantec will post 1.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be paid a $0.1316 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, September 28th. Stantec’s payout ratio is 33.13%.
Stantec Company Profile
Stantec, Inc engages the provision of in general design and architectural solutions. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure.
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