Stantec (NYSE:STN) PT Raised to C$71.00

Stantec (NYSE:STNGet Rating) (TSE:STN) had its price target increased by analysts at Royal Bank of Canada from C$67.00 to C$71.00 in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other analysts have also weighed in on STN. Atb Cap Markets upgraded Stantec from a “sector perform” rating to an “outperform” rating in a research note on Thursday, August 11th. TheStreet lowered Stantec from a “b” rating to a “c+” rating in a research report on Tuesday, October 11th. Stifel Nicolaus lifted their price objective on Stantec from C$72.00 to C$76.00 in a research report on Tuesday, October 18th. BMO Capital Markets lifted their price objective on Stantec from C$75.00 to C$76.00 in a research report on Monday. Finally, StockNews.com initiated coverage on Stantec in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Stantec presently has a consensus rating of “Buy” and a consensus price target of $76.75.

Stantec Stock Performance

Shares of NYSE:STN opened at $49.58 on Tuesday. Stantec has a twelve month low of $40.92 and a twelve month high of $57.79. The firm has a market cap of $5.49 billion, a PE ratio of 37.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.54 and a current ratio of 1.54. The business has a fifty day moving average of $47.23 and a 200-day moving average of $46.36.

Hedge Funds Weigh In On Stantec

Several institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of Stantec by 45.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 762 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 238 shares in the last quarter. Tacita Capital Inc lifted its holdings in shares of Stantec by 35.7% during the 2nd quarter. Tacita Capital Inc now owns 950 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 250 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Stantec by 13.7% during the 3rd quarter. Signaturefd LLC now owns 2,711 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 326 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Stantec by 144.4% during the 1st quarter. US Bancorp DE now owns 765 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 452 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Stantec by 9.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 6,817 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Stantec Company Profile

(Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Further Reading

The Fly logo

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.