Stantec (NYSE:STN) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• Stantec's stock has been reaffirmed a "Buy (B)" rating by Weiss Ratings, reflecting positive analyst sentiment.
• The company reported $0.98 EPS for the last quarter, meeting expectations, but its revenue of $1.17 billion fell short of the consensus estimate of $1.64 billion.
• Several institutional investors have significantly increased their stakes in Stantec, with hedge funds now owning approximately 63.86% of the company's stock.

Stantec (NYSE:STN - Get Free Report) TSE: STN's stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on the stock. CIBC restated an "outperform" rating on shares of Stantec in a research note on Friday, July 18th. Wall Street Zen lowered shares of Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy".

Stantec Stock Up 1.8%

Shares of NYSE STN traded up $1.95 during mid-day trading on Wednesday, reaching $113.09. The company had a trading volume of 251,157 shares, compared to its average volume of 197,221. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The firm has a 50 day simple moving average of $108.97 and a two-hundred day simple moving average of $102.09. The stock has a market cap of $12.90 billion, a P/E ratio of 41.27 and a beta of 1.04. Stantec has a 52-week low of $73.18 and a 52-week high of $113.50.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, August 13th. The business services provider reported $0.98 EPS for the quarter, meeting analysts' consensus estimates of $0.98. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.64 billion. Stantec had a net margin of 5.62% and a return on equity of 19.03%. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Sell-side analysts predict that Stantec will post 3.05 earnings per share for the current year.

Institutional Trading of Stantec

A number of institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its position in Stantec by 57.1% during the third quarter. Assenagon Asset Management S.A. now owns 5,828 shares of the business services provider's stock worth $629,000 after acquiring an additional 2,119 shares during the last quarter. Osaic Holdings Inc. raised its position in Stantec by 2,980.0% during the second quarter. Osaic Holdings Inc. now owns 2,002 shares of the business services provider's stock worth $217,000 after acquiring an additional 1,937 shares during the last quarter. Neuberger Berman Group LLC raised its position in Stantec by 2,108.2% during the second quarter. Neuberger Berman Group LLC now owns 145,454 shares of the business services provider's stock worth $15,795,000 after acquiring an additional 138,867 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider's stock worth $55,000 after acquiring an additional 411 shares during the last quarter. Finally, Vident Advisory LLC raised its position in Stantec by 16.9% during the second quarter. Vident Advisory LLC now owns 4,769 shares of the business services provider's stock worth $518,000 after acquiring an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 63.86% of the company's stock.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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