Stantec (NYSE:STN) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Stantec (NYSE:STN) (TSE:STN) from a hold rating to a sell rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “

Other analysts have also issued reports about the company. CIBC reaffirmed a buy rating and issued a $46.00 target price on shares of Stantec in a research report on Friday, February 28th. TD Securities boosted their target price on Stantec from $46.00 to $51.00 and gave the company a buy rating in a research report on Monday, May 11th. BMO Capital Markets lowered Stantec from an outperform rating to a market perform rating and set a $41.00 target price for the company. in a research report on Wednesday, April 15th. Finally, Scotiabank boosted their target price on Stantec from $45.00 to $47.00 and gave the company an outperform rating in a research report on Friday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $41.07.

Shares of STN stock traded up $0.14 during mid-day trading on Wednesday, hitting $29.19. The company’s stock had a trading volume of 49,133 shares, compared to its average volume of 125,369. The company’s fifty day simple moving average is $28.44 and its 200-day simple moving average is $28.07. Stantec has a 52 week low of $20.22 and a 52 week high of $31.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $3.23 billion, a PE ratio of 22.98 and a beta of 1.12.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Stantec had a return on equity of 12.01% and a net margin of 3.86%. The firm had revenue of $682.66 million during the quarter, compared to analyst estimates of $692.87 million. On average, equities analysts anticipate that Stantec will post 1.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.111 per share. The ex-dividend date is Monday, June 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.52%. Stantec’s dividend payout ratio (DPR) is currently 30.26%.

A number of hedge funds have recently added to or reduced their stakes in STN. Todd Asset Management LLC purchased a new position in shares of Stantec in the 4th quarter worth approximately $3,727,000. Swiss National Bank raised its holdings in shares of Stantec by 1.9% in the 4th quarter. Swiss National Bank now owns 214,570 shares of the business services provider’s stock worth $6,057,000 after purchasing an additional 3,900 shares during the period. State of Tennessee Treasury Department bought a new stake in shares of Stantec in the 4th quarter worth approximately $348,000. Acadian Asset Management LLC raised its holdings in shares of Stantec by 1,054.6% in the 4th quarter. Acadian Asset Management LLC now owns 1,230,796 shares of the business services provider’s stock worth $34,831,000 after purchasing an additional 1,124,196 shares during the period. Finally, Cumberland Partners Ltd bought a new stake in shares of Stantec in the 4th quarter worth approximately $702,000. Institutional investors and hedge funds own 64.18% 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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