Stantec Inc. (NYSE:STN – Free Report) (TSE:STN) – Analysts at Atb Cap Markets lifted their FY2023 earnings estimates for shares of Stantec in a report released on Sunday, November 12th. Atb Cap Markets analyst C. Murray now forecasts that the business services provider will post earnings per share of $2.75 for the year, up from their prior forecast of $2.66. Atb Cap Markets currently has a “Outperform” rating on the stock. The consensus estimate for Stantec’s current full-year earnings is $2.65 per share. Atb Cap Markets also issued estimates for Stantec’s Q3 2024 earnings at $0.91 EPS.
Several other research firms also recently issued reports on STN. Stifel Nicolaus lifted their price target on shares of Stantec from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. StockNews.com initiated coverage on shares of Stantec in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Canaccord Genuity Group downgraded shares of Stantec from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Stantec presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.
Stantec Stock Down 0.5 %
Shares of STN opened at $70.23 on Wednesday. The firm has a market cap of $7.79 billion, a PE ratio of 31.78 and a beta of 0.99. The company’s fifty day moving average is $64.73 and its two-hundred day moving average is $64.14. Stantec has a fifty-two week low of $46.35 and a fifty-two week high of $72.04. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.60.
Institutional Trading of Stantec
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stantec during the third quarter valued at approximately $26,000. Advisor Group Holdings Inc. bought a new stake in Stantec in the fourth quarter worth approximately $26,000. US Bancorp DE boosted 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 worth $38,000 after buying an additional 452 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Stantec by 1,067.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 642 shares of the business services provider’s stock worth $42,000 after buying an additional 587 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Stantec by 137.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 759 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 439 shares during the period. 58.17% of the stock is owned by institutional investors and hedge funds.
Stantec Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, December 28th. Stantec’s dividend payout ratio is presently 26.24%.
Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients 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.
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