Stantec (STN) Stock Rating Lowered by CIBC

Stantec (NYSE:STN) (TSE:STN) was downgraded by CIBC to a “hold” rating in a note issued to investors on Friday.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Stantec from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Scotia Howard Weill upgraded shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Howard Weil upgraded shares of Stantec from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, October 19th. Zacks Investment Research downgraded shares of Stantec from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Stantec in a research report on Friday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Stantec currently has an average rating of “Hold” and an average price target of $29.00.

Shares of NYSE STN opened at $24.22 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of 17.81 and a beta of 1.23. Stantec has a 52-week low of $23.95 and a 52-week high of $29.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). The firm had revenue of $690.05 million during the quarter, compared to analyst estimates of $699.73 million. Stantec had a return on equity of 10.09% and a net margin of 2.58%. On average, equities research analysts expect that Stantec will post 1.35 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC World Markets Inc. raised its holdings in Stantec by 1.1% during the second quarter. CIBC World Markets Inc. now owns 211,323 shares of the business services provider’s stock worth $5,420,000 after buying an additional 2,389 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Stantec by 2.5% in the 2nd quarter. Toronto Dominion Bank now owns 154,730 shares of the business services provider’s stock worth $4,053,000 after acquiring an additional 3,829 shares in the last quarter. CLARET ASSET MANAGEMENT Corp grew its stake in shares of Stantec by 5.3% in the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 82,021 shares of the business services provider’s stock worth $2,040,000 after acquiring an additional 4,109 shares in the last quarter. Global X Management Co LLC grew its stake in shares of Stantec by 18.7% in the 2nd quarter. Global X Management Co LLC now owns 27,743 shares of the business services provider’s stock worth $712,000 after acquiring an additional 4,374 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Stantec by 2.5% in the 3rd quarter. Swiss National Bank now owns 203,670 shares of the business services provider’s stock worth $5,048,000 after acquiring an additional 4,900 shares in the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.

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 (NYSE:STN)

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