Stantec (NYSE:STN) Rating Increased to Strong-Buy at Wall Street Zen

Stantec (NYSE:STN) (TSE:STN) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Zacks Research downgraded shares of Stantec from a “hold” rating to a “strong sell” rating in a report on Friday, December 5th. Desjardins reissued a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Finally, CIBC reissued an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Stantec Trading Down 1.8%

Shares of STN opened at $93.55 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. Stantec has a 1-year low of $73.18 and a 1-year high of $114.51. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 30.77 and a beta of 1.10. The firm has a 50 day simple moving average of $104.44 and a 200-day simple moving average of $107.04.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec had a return on equity of 17.37% and a net margin of 6.06%.Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities analysts forecast that Stantec will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Stantec

A number of large investors have recently bought and sold shares of the stock. Swiss Life Asset Management Ltd grew its stake in shares of Stantec by 1.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 165,390 shares of the business services provider’s stock valued at $17,851,000 after buying an additional 2,286 shares during the period. JPMorgan Chase & Co. boosted its holdings in Stantec by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 588,242 shares of the business services provider’s stock valued at $63,412,000 after acquiring an additional 75,108 shares during the last quarter. First Affirmative Financial Network grew its position in Stantec by 25.3% during the third quarter. First Affirmative Financial Network now owns 2,787 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 562 shares during the period. Danske Bank A S purchased a new stake in Stantec during the third quarter valued at about $89,000. Finally, Keystone Financial Group acquired a new stake in Stantec during the third quarter worth about $103,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

About Stantec

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.