Stantec Inc. (NYSE:STN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have received an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company.

Several equities analysts recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, January 21st. Zacks Research raised Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Stantec in a report on Monday, November 17th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Finally, Desjardins restated a “buy” rating on shares of Stantec in a research note on Monday, November 17th.

Stantec Stock Up 0.1%

Shares of Stantec stock opened at $87.09 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.53. Stantec has a 52-week low of $75.94 and a 52-week high of $114.51. The company has a market capitalization of $9.93 billion, a P/E ratio of 28.65 and a beta of 1.12. The company has a 50 day moving average of $97.02 and a 200 day moving average of $103.41.

Institutional Investors Weigh In On Stantec

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Stantec by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 4,966,062 shares of the business services provider’s stock valued at $468,622,000 after acquiring an additional 92,641 shares in the last quarter. Bank of Montreal Can increased its position in shares of Stantec by 25.2% during the fourth quarter. Bank of Montreal Can now owns 4,464,733 shares of the business services provider’s stock worth $421,321,000 after purchasing an additional 897,912 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Stantec by 2.9% in the 4th quarter. Royal Bank of Canada now owns 4,131,944 shares of the business services provider’s stock valued at $389,890,000 after purchasing an additional 117,613 shares during the last quarter. Alliancebernstein L.P. lifted its holdings 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 valued at $374,680,000 after purchasing an additional 26,388 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in shares of Stantec by 3.5% in the 3rd quarter. Fiera Capital Corp now owns 2,469,545 shares of the business services provider’s stock valued at $266,236,000 after purchasing an additional 84,251 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

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.