Stantec Inc. (NYSE:STN) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Stantec “Moderate Buy,” with five buy ratings and two holds among seven analysts. The average 12-month price target is $175.
• Institutional investors own 63.86% of Stantec, with UBS, Bank of America, Principal Financial Group and others recently increasing their positions.
• Stantec shares opened at $74.57, while the company’s latest quarterly results showed EPS of $0.97, slightly ahead of estimates, and revenue of $1.22 billion, just below expectations.

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $175.00.

A number of equities research analysts recently commented on the company. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Stantec in a research note on Tuesday, May 19th. ATB Cormark Capital Markets raised Stantec from a "hold" rating to a "moderate buy" rating in a research note on Friday, May 15th. Weiss Ratings cut Stantec from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 1st. Zacks Research lowered Stantec from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th.

Institutional Investors Weigh In On Stantec

Several large investors have recently bought and sold shares of the company. UBS Group AG increased its holdings in shares of Stantec by 23.2% in the fourth quarter. UBS Group AG now owns 390,644 shares of the business services provider's stock worth $36,861,000 after acquiring an additional 73,539 shares in the last quarter. Bank of America Corp DE raised its position in shares of Stantec by 12.6% during the first quarter. Bank of America Corp DE now owns 1,140,686 shares of the business services provider's stock worth $98,555,000 after purchasing an additional 127,229 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Stantec by 126.0% during the 4th quarter. Principal Financial Group Inc. now owns 932,025 shares of the business services provider's stock valued at $88,066,000 after purchasing an additional 519,545 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Stantec by 59.8% during the 1st quarter. Quantinno Capital Management LP now owns 58,909 shares of the business services provider's stock valued at $5,090,000 after purchasing an additional 22,036 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of Stantec by 6.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 470,442 shares of the business services provider's stock valued at $44,344,000 after purchasing an additional 29,718 shares during the period. Institutional investors own 63.86% of the company's stock.

Stantec Trading Up 1.9%

Shares of NYSE STN opened at $74.57 on Wednesday. Stantec has a fifty-two week low of $66.26 and a fifty-two week high of $114.51. The firm has a market capitalization of $8.38 billion, a P/E ratio of 23.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.35. The company's 50 day simple moving average is $70.41 and its 200 day simple moving average is $82.37.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its earnings results on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.02. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Stantec had a net margin of 5.92% and a return on equity of 19.37%. On average, analysts predict that Stantec will post 4.43 EPS for the current year.

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.

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