Stantec Inc. (NYSE:STN) (TSE:STN) has been given an average recommendation of “Buy” by the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.32.
Several research firms have weighed in on STN. Scotiabank raised their price target on Stantec from $59.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 6th. BMO Capital Markets raised their price objective on Stantec from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, February 26th. CIBC raised their price objective on Stantec from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Zacks Investment Research lowered Stantec from a “buy” rating to a “hold” rating in a research note on Thursday, April 29th. Finally, Royal Bank of Canada raised their price objective on Stantec from $48.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, May 7th.
NYSE STN traded up $0.35 during trading on Friday, hitting $44.40. 59,519 shares of the stock traded hands, compared to its average volume of 75,222. The company has a market capitalization of $4.96 billion, a P/E ratio of 34.15 and a beta of 0.96. The firm has a 50-day simple moving average of $45.06 and a 200-day simple moving average of $37.25. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.29. Stantec has a 12-month low of $27.79 and a 12-month high of $47.56.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be paid a dividend of $0.1346 per share. This is a positive change from Stantec’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, June 29th. Stantec’s dividend payout ratio (DPR) is currently 31.58%.
Several hedge funds have recently modified their holdings of the stock. Pembroke Management LTD lifted its stake in shares of Stantec by 0.7% during the 1st quarter. Pembroke Management LTD now owns 87,851 shares of the business services provider’s stock worth $4,726,000 after acquiring an additional 620 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Stantec by 4.0% during the 1st quarter. Ritholtz Wealth Management now owns 16,999 shares of the business services provider’s stock worth $727,000 after acquiring an additional 652 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in Stantec during the 4th quarter valued at $47,000. Banque Cantonale Vaudoise bought a new stake in Stantec during the 1st quarter valued at $66,000. Finally, Scotia Capital Inc. raised its position in Stantec by 4.4% during the 1st quarter. Scotia Capital Inc. now owns 37,405 shares of the business services provider’s stock valued at $1,596,000 after purchasing an additional 1,587 shares in the last quarter. 59.73% of the stock is owned by hedge funds and other institutional investors.
Stantec Inc provides professional consulting services in the area of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
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