Stantec (STN) Downgraded to “Neutral” at CIBC

CIBC cut shares of Stantec (TSE:STN) (NYSE:STN) from an outperform rating to a neutral rating in a research note published on Friday morning.

STN has been the topic of a number of other reports. BMO Capital Markets upped their price objective on shares of Stantec from C$38.00 to C$40.00 in a research note on Thursday, August 9th. Royal Bank of Canada upped their price objective on shares of Stantec from C$36.00 to C$38.00 and gave the company a sector perform rating in a research note on Friday. Canaccord Genuity upped their price objective on shares of Stantec from C$37.00 to C$40.00 in a research note on Monday, October 22nd. Finally, Laurentian raised shares of Stantec from a hold rating to a buy rating and set a C$39.00 price objective on the stock in a research note on Monday, October 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Stantec currently has a consensus rating of Hold and an average target price of C$38.35.

Shares of TSE:STN traded down C$2.22 during trading on Friday, reaching C$32.01. The stock had a trading volume of 556,300 shares, compared to its average volume of 226,801. The company has a quick ratio of 1.63, a current ratio of 1.69 and a debt-to-equity ratio of 47.16. Stantec has a 52 week low of C$30.97 and a 52 week high of C$36.83.

Stantec (TSE:STN) (NYSE:STN) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.41 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.54 by C($0.13). The firm had revenue of C$907.80 million for the quarter, compared to the consensus estimate of C$904.15 million. On average, research analysts forecast that Stantec will post 2.21999998832603 earnings per share for the current year.

In related news, Director Michael Aloysius Kennedy bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were acquired at an average cost of C$25.33 per share, with a total value of C$25,330.00.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

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Analyst Recommendations for Stantec (TSE:STN)

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