Stantec Inc. (NYSE:STN) (TSE:STN) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.00.
Several analysts recently weighed in on STN shares. Zacks Investment Research upgraded Stantec from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, August 15th. BidaskClub upgraded Stantec from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, TheStreet upgraded Stantec from a “c” rating to a “b-” rating in a research report on Monday, August 14th.
Several hedge funds have recently made changes to their positions in STN. Tower Research Capital LLC TRC lifted its position in shares of Stantec by 163.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,038 shares of the business services provider’s stock worth $140,000 after buying an additional 2,504 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Stantec during the 1st quarter worth $248,000. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Stantec by 4.7% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 9,940 shares of the business services provider’s stock worth $257,000 after buying an additional 450 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in shares of Stantec during the 1st quarter worth $342,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Stantec by 17.4% during the 1st quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock worth $401,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 56.98% of the company’s stock.
Shares of Stantec (NYSE STN) remained flat at $28.30 during mid-day trading on Wednesday. 3,918 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $26.94 and a 200-day moving average price of $25.43. Stantec has a 12-month low of $21.50 and a 12-month high of $28.55. The firm has a market cap of $3.22 billion, a P/E ratio of 34.10 and a beta of 1.58.
Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $891.49 million during the quarter, compared to the consensus estimate of $902.78 million. Stantec had a return on equity of 10.67% and a net margin of 2.31%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. On average, analysts anticipate that Stantec will post $1.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. This is an increase from Stantec’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, September 28th. Stantec’s dividend payout ratio is currently 47.44%.
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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