Stantec's (STN) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "buy" rating for Stantec's stock, indicating confidence in its future performance.
• Stantec's stock has a current price of $112.03, with a twelve-month low of $73.18 and a high of $113.99.
• Institutional investors hold 63.86% of Stantec's stock, reflecting strong institutional interest in the company.

Stantec (NYSE:STN - Get Free Report) TSE: STN's stock had its "buy (b)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

STN has been the subject of a number of other reports. Wall Street Zen cut Stantec from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Stantec in a report on Monday. Finally, Scotiabank restated an "outperform" rating on shares of Stantec in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Stantec Stock Performance

NYSE STN opened at $112.03 on Friday. The stock has a market cap of $12.78 billion, a PE ratio of 40.89 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. Stantec has a twelve month low of $73.18 and a twelve month high of $113.99. The stock has a fifty day simple moving average of $109.59 and a 200-day simple moving average of $104.47.

Stantec (NYSE:STN - Get Free Report) TSE: STN last announced 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. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.64 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. Equities analysts anticipate that Stantec will post 3.05 earnings per share for the current year.

Institutional Investors Weigh In On Stantec

A number of hedge funds have recently bought and sold shares of STN. Alliancebernstein L.P. raised its position in Stantec by 82.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider's stock valued at $374,871,000 after purchasing an additional 1,558,703 shares in the last quarter. Norges Bank acquired a new stake in shares of Stantec during the 2nd quarter worth about $157,932,000. The Manufacturers Life Insurance Company raised its position in shares of Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider's stock worth $359,131,000 after acquiring an additional 964,188 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Stantec by 39.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 685,175 shares of the business services provider's stock worth $74,401,000 after acquiring an additional 194,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Stantec by 21.5% during the 2nd quarter. Geode Capital Management LLC now owns 922,763 shares of the business services provider's stock worth $102,211,000 after acquiring an additional 163,578 shares in the last quarter. Institutional investors and hedge funds 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.

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.