Stantec (NYSE:STN) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Stantec from “Buy” to “Hold,” while the broader analyst consensus remains “Moderate Buy,” with five Buy ratings and two Hold ratings and an average price target of $175.
• Stantec opened at $69.22, near the lower end of its 52-week range of $65.35 to $114.51; its market capitalization was $7.76 billion and its P/E ratio was 16.71.
• The company slightly exceeded quarterly EPS expectations, reporting $1.16 versus the $1.15 consensus, while revenue of $1.25 billion fell short of the $1.26 billion estimate. Institutional investors own 63.86% of the stock.

Stantec (NYSE:STN - Get Free Report) TSE: STN was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Weiss Ratings raised Stantec from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.00.

Stantec Price Performance

NYSE STN opened at $69.22 on Friday. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 16.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.50 and a quick ratio of 1.50. The stock's fifty day moving average price is $71.01 and its 200 day moving average price is $75.01. Stantec has a 1 year low of $65.35 and a 1 year high of $114.51.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. Stantec had a net margin of 5.91% and a return on equity of 19.70%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities research analysts forecast that Stantec will post 4.42 earnings per share for the current year.

Institutional Investors Weigh In On Stantec

Institutional investors and hedge funds have recently bought and sold shares of the stock. Man Group plc acquired a new stake in shares of Stantec during the second quarter valued at $121,285,000. Cardinal Capital Management Inc. acquired a new stake in shares of Stantec during the third quarter worth $109,514,000. Bank of America Corp DE acquired a new position in Stantec in the second quarter valued at $104,075,000. The Manufacturers Life Insurance Company acquired a new position in shares of Stantec during the 2nd quarter valued at about $98,396,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Stantec in the second quarter worth approximately $79,047,000. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Company Profile

Stantec Inc is a global professional services company that provides design, engineering, architecture, environmental, and project management services. Its work supports infrastructure and development projects across the buildings, energy and resources, environment, and water sectors.

The company serves public- and private-sector clients involved in transportation, community development, buildings, water and wastewater systems, environmental restoration, energy infrastructure, and natural resources.

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