Stantec (NYSE:STN) Price Target Raised to $39.00 at BMO Capital Markets

Stantec (NYSE:STN) (TSE:STN) had its target price lifted by analysts at BMO Capital Markets from $37.00 to $39.00 in a research report issued on Friday, Stock Target Advisor reports. BMO Capital Markets’ price objective indicates a potential upside of 49.71% from the stock’s current price.

STN has been the topic of a number of other reports. Zacks Investment Research upgraded Stantec from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Saturday, November 2nd. National Bank Financial upgraded Stantec from a “sector perform under weight” rating to an “outperfrom under weight” rating and lifted their price objective for the stock from $30.50 to $36.00 in a research note on Thursday. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and set a $37.50 price objective on the stock in a research note on Friday. CIBC upgraded Stantec from a “neutral” rating to a “sector outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday. Finally, Canaccord Genuity lifted their price objective on Stantec to $33.00 and gave the stock a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Stantec currently has a consensus rating of “Buy” and an average target price of $36.95.

NYSE STN opened at $26.05 on Friday. Stantec has a fifty-two week low of $20.22 and a fifty-two week high of $26.79. The stock’s 50-day moving average is $21.87 and its two-hundred day moving average is $23.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market cap of $2.40 billion, a P/E ratio of 18.61 and a beta of 1.16.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). Stantec had a net margin of 1.33% and a return on equity of 10.70%. The company had revenue of $712.92 million for the quarter, compared to the consensus estimate of $706.38 million. On average, equities analysts expect that Stantec will post 1.46 EPS for the current year.

Several institutional investors have recently bought and sold shares of STN. Massachusetts Financial Services Co. MA increased its stake in Stantec by 43.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 85,375 shares of the business services provider’s stock valued at $1,893,000 after acquiring an additional 26,036 shares during the period. Tower Research Capital LLC TRC increased its stake in Stantec by 237.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,218 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 857 shares during the period. CIBC Asset Management Inc increased its stake in Stantec by 1.0% during the third quarter. CIBC Asset Management Inc now owns 65,870 shares of the business services provider’s stock valued at $1,458,000 after acquiring an additional 644 shares during the period. QV Investors Inc. increased its stake in Stantec by 7.0% during the third quarter. QV Investors Inc. now owns 4,725,522 shares of the business services provider’s stock valued at $138,552,000 after acquiring an additional 311,110 shares during the period. Finally, Toronto Dominion Bank increased its stake in Stantec by 49.2% during the second quarter. Toronto Dominion Bank now owns 120,189 shares of the business services provider’s stock valued at $2,883,000 after acquiring an additional 39,607 shares during the period. Institutional investors and hedge funds own 66.21% of the company’s stock.

Stantec Company Profile

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 three segments: Consulting Services – Canada, Consulting Services – United States, and Consulting Services – Global.

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Analyst Recommendations for Stantec (NYSE:STN)

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