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

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

A number of other equities research analysts also recently commented on STN. Scotiabank reaffirmed an "outperform" rating on shares of Stantec in a report on Wednesday, May 7th. TD Securities reaffirmed a "buy" rating on shares of Stantec in a report on Friday, May 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Stantec in a report on Friday, May 16th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Stantec Stock Down 0.7%

Shares of STN stock traded down $0.73 on Friday, hitting $108.85. The stock had a trading volume of 416,766 shares, compared to its average volume of 150,104. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $99.50 and a 200 day moving average price of $87.18. The company has a market cap of $12.42 billion, a PE ratio of 44.98 and a beta of 1.03. Stantec has a one year low of $73.18 and a one year high of $110.59.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of STN. Bank of New York Mellon Corp lifted its holdings in Stantec by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 146,866 shares of the business services provider's stock valued at $11,522,000 after acquiring an additional 8,244 shares during the period. US Bancorp DE raised its stake in shares of Stantec by 11.2% during the 4th quarter. US Bancorp DE now owns 2,359 shares of the business services provider's stock worth $185,000 after buying an additional 237 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Stantec by 8.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,739 shares of the business services provider's stock worth $293,000 after buying an additional 300 shares during the period. Atria Investments Inc raised its stake in shares of Stantec by 4.3% during the 4th quarter. Atria Investments Inc now owns 3,650 shares of the business services provider's stock worth $286,000 after buying an additional 151 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Stantec during the 4th quarter worth approximately $1,220,000. 63.86% of the stock is owned by institutional investors and hedge funds.

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.