Royal Bank Of Canada Forecasts Strong Price Appreciation for Stantec (NYSE:STN) Stock

Stantec (NYSE:STN) (TSE:STN) had its price objective raised by equities research analysts at Royal Bank Of Canada from $168.00 to $175.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 85.52% from the company’s previous close.

Several other analysts have also commented on the stock. Zacks Research raised shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Desjardins reaffirmed a “buy” rating on shares of Stantec in a report on Monday, November 17th. Scotiabank reiterated an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.00.

Stantec Stock Up 1.6%

STN stock opened at $94.33 on Monday. The stock has a market cap of $10.76 billion, a P/E ratio of 31.24 and a beta of 1.12. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $96.37 and its two-hundred day simple moving average is $102.14. Stantec has a 1-year low of $77.07 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.65 billion. Stantec had a return on equity of 17.56% and a net margin of 5.90%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Analysts expect that Stantec will post 3.05 EPS for the current year.

Institutional Trading of Stantec

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in Stantec by 1,504.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Stantec by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock valued at $13,621,000 after buying an additional 22,524 shares during the period. Jane Street Group LLC lifted its holdings in shares of Stantec by 73.2% in the first quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after buying an additional 9,325 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Stantec by 100.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,240 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 2,626 shares during the period. Finally, Atria Investments Inc boosted its position in shares of Stantec by 144.2% in the second quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock valued at $1,096,000 after acquiring an additional 5,954 shares during the period. 63.86% of the stock is currently owned by institutional investors.

About Stantec

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.