Stantec Inc. (NYSE:STN) Receives Average Recommendation of “Buy” from Brokerages

Stantec Inc. (NYSE:STN) (TSE:STN) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating.

Several equities analysts have recently issued reports on the stock. CIBC reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen cut shares of Stantec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research note on Friday, May 16th. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Wednesday, May 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Stantec in a research note on Friday, May 16th.

Stantec Stock Performance

Shares of STN opened at $108.73 on Wednesday. The firm’s 50 day moving average is $109.09 and its 200-day moving average is $96.18. The stock has a market capitalization of $12.40 billion, a P/E ratio of 39.68 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44. Stantec has a 12-month low of $73.18 and a 12-month high of $113.50.

Stantec (NYSE:STN) (TSE:STN) last announced its quarterly earnings data on Wednesday, August 13th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities research analysts anticipate that Stantec will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a $0.1635 dividend. The ex-dividend date is Monday, September 29th. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a dividend yield of 0.6%. Stantec’s dividend payout ratio is 24.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STN. Mackenzie Financial Corp boosted its holdings in shares of Stantec by 166.5% in the fourth quarter. Mackenzie Financial Corp now owns 22,342,818 shares of the business services provider’s stock worth $1,751,093,000 after buying an additional 13,958,790 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Stantec by 82.4% in the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock worth $374,871,000 after buying an additional 1,558,703 shares during the period. Norges Bank acquired a new stake in shares of Stantec during the second quarter worth approximately $157,932,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Stantec by 28.8% during the first quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock worth $359,131,000 after purchasing an additional 964,188 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Stantec during the fourth quarter worth approximately $56,191,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.