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

Stantec (NYSE:STN) (TSE:STN) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

STN has been the topic of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of Stantec in a research report on Wednesday. Desjardins reissued a “buy” rating on shares of Stantec in a report on Monday, November 17th. CIBC restated an “outperform” rating on shares of Stantec in a research report on Monday, October 20th. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Stantec in a research note on Monday, November 17th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Stantec Price Performance

Shares of STN stock opened at $100.42 on Friday. The stock’s fifty day simple moving average is $96.43 and its 200 day simple moving average is $105.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 33.03 and a beta of 1.10. Stantec has a one year low of $73.18 and a one year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $1.24 billion during 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. On average, analysts expect that Stantec will post 3.05 earnings per share for the current fiscal year.

Institutional Trading of Stantec

Several hedge funds and other institutional investors have recently made changes to their positions in STN. Vanguard Group Inc. raised its stake in Stantec by 3.2% during the third quarter. Vanguard Group Inc. now owns 4,873,421 shares of the business services provider’s stock worth $525,584,000 after buying an additional 152,170 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Stantec by 6.6% during the third quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock valued at $384,584,000 after buying an additional 219,733 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Stantec by 0.8% in the 3rd quarter. Alliancebernstein L.P. now owns 3,475,699 shares of the business services provider’s stock worth $374,680,000 after acquiring an additional 26,388 shares in the last quarter. Fiera Capital Corp grew its position in Stantec by 3.5% in the 3rd quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock worth $266,236,000 after purchasing an additional 84,251 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Stantec in the second quarter valued at approximately $157,932,000. 63.86% of the stock is currently owned by institutional investors.

Stantec Company Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.