Stantec Inc. (STN) Receives Consensus Recommendation of “Hold” from Brokerages

Stantec Inc. (NYSE:STN) (TSE:STN) has been given an average rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $40.00.

STN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 31st. TheStreet lowered shares of Stantec from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Finally, National Bank Financial lowered shares of Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 22nd.

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Shares of Stantec (NYSE:STN) traded down $0.05 during mid-day trading on Wednesday, hitting $25.50. 34,085 shares of the stock traded hands, compared to its average volume of 21,537. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 1.39. Stantec has a 12 month low of $22.25 and a 12 month high of $29.25. The stock has a market cap of $2,917.10, a price-to-earnings ratio of 18.79 and a beta of 1.65.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.11). Stantec had a return on equity of 10.72% and a net margin of 1.88%. The company had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $854.21 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts anticipate that Stantec will post 1.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be issued a $0.108 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Stantec’s previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a yield of 1.69%. Stantec’s dividend payout ratio (DPR) is 61.54%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guardian Capital LP boosted its holdings in Stantec by 10.0% in the 3rd quarter. Guardian Capital LP now owns 3,637,776 shares of the business services provider’s stock worth $100,696,000 after buying an additional 329,933 shares during the period. Mawer Investment Management Ltd. boosted its holdings in Stantec by 5.4% in the 3rd quarter. Mawer Investment Management Ltd. now owns 2,782,756 shares of the business services provider’s stock worth $77,277,000 after buying an additional 141,970 shares during the period. Luminus Management LLC boosted its holdings in Stantec by 106.6% in the 4th quarter. Luminus Management LLC now owns 2,011,411 shares of the business services provider’s stock worth $56,238,000 after buying an additional 1,038,000 shares during the period. Grandeur Peak Global Advisors LLC boosted its holdings in Stantec by 3.5% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 1,703,373 shares of the business services provider’s stock worth $47,607,000 after buying an additional 57,900 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Stantec by 9.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,576,405 shares of the business services provider’s stock worth $44,061,000 after buying an additional 138,709 shares during the period. 56.26% of the stock is owned by institutional investors.

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Stantec Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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