Stantec’s (STN) “Hold” Rating Reaffirmed at Royal Bank of Canada

Share on StockTwits

Royal Bank of Canada reaffirmed their hold rating on shares of Stantec (NYSE:STN) (TSE:STN) in a research report sent to investors on Friday.

A number of other equities analysts have also weighed in on STN. Scotiabank upgraded shares of Stantec from a sector perform rating to an outperform rating in a report on Friday, October 19th. Raymond James lowered shares of Stantec from an outperform rating to a market perform rating in a report on Friday. ValuEngine lowered shares of Stantec from a hold rating to a sell rating in a report on Thursday, September 6th. CIBC upgraded shares of Stantec from a neutral rating to a sector outperform rating in a report on Friday, October 19th. Finally, Howard Weil upgraded shares of Stantec from a sector perform rating to a sector outperform rating in a report on Friday, October 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $29.00.

NYSE STN traded down $1.76 during mid-day trading on Friday, reaching $24.22. 31,624 shares of the stock were exchanged, compared to its average volume of 27,797. Stantec has a 1-year low of $23.95 and a 1-year high of $29.25. The firm has a market cap of $3.02 billion, a P/E ratio of 17.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). Stantec had a return on equity of 10.09% and a net margin of 2.58%. The firm had revenue of $690.05 million for the quarter, compared to analyst estimates of $699.73 million. As a group, equities analysts predict that Stantec will post 1.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 10th. Shareholders of record on Friday, December 28th will be issued a $0.1049 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.73%. Stantec’s dividend payout ratio (DPR) is presently 30.88%.

Several large investors have recently bought and sold shares of STN. Bank of New York Mellon Corp acquired a new position in shares of Stantec during the 2nd quarter valued at $249,000. JPMorgan Chase & Co. acquired a new position in shares of Stantec during the 1st quarter valued at $271,000. Bank of America Corp DE lifted its holdings in shares of Stantec by 42.6% during the 2nd quarter. Bank of America Corp DE now owns 19,366 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 5,790 shares in the last quarter. Global X Management Co LLC lifted its holdings in shares of Stantec by 18.7% during the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 4,374 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Stantec by 27.1% during the 2nd quarter. CIBC Asset Management Inc now owns 61,610 shares of the business services provider’s stock valued at $1,585,000 after acquiring an additional 13,151 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

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 four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

Featured Story: Fiduciary

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.

Leave a Reply