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

Stantec (NYSE:STN - Get Free Report) TSE: STN was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.

Several other research analysts also recently commented on the stock. TD Securities restated a "buy" rating on shares of Stantec in a research report on Friday, May 16th. Royal Bank Of Canada restated an "outperform" rating on shares of Stantec in a research report on Friday, May 16th. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a research report on Wednesday, May 7th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy".

Stantec Price Performance

Shares of NYSE STN traded up $1.33 during midday trading on Friday, reaching $109.63. The company's stock had a trading volume of 204,758 shares, compared to its average volume of 148,600. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.38 and a current ratio of 1.38. Stantec has a fifty-two week low of $73.18 and a fifty-two week high of $109.67. The business's 50 day moving average price is $99.50 and its two-hundred day moving average price is $87.14. The company has a market cap of $12.51 billion, a P/E ratio of 45.30 and a beta of 1.03.

Stantec (NYSE:STN - Get Free Report) TSE: STN last released its quarterly earnings results on Wednesday, May 14th. The business services provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. Stantec had a net margin of 5.01% and a return on equity of 18.22%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, analysts forecast that Stantec will post 3.05 EPS for the current fiscal year.

Institutional Trading of Stantec

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Stantec by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 580,736 shares of the business services provider's stock worth $45,559,000 after buying an additional 39,671 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Stantec by 12.7% in the fourth quarter. Wellington Management Group LLP now owns 407,626 shares of the business services provider's stock worth $31,965,000 after purchasing an additional 45,900 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Stantec by 8.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after purchasing an additional 300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Stantec by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,845 shares of the business services provider's stock worth $20,699,000 after purchasing an additional 30,629 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Stantec by 114.3% in the fourth quarter. BNP Paribas Financial Markets now owns 23,679 shares of the business services provider's stock worth $1,858,000 after purchasing an additional 12,627 shares during the last quarter. Institutional investors own 63.86% of the company's stock.

About Stantec

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.