Stantec (NYSE:STN) Upgraded to “Moderate Buy” at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Stantec (NYSE:STN) (TSE:STN) from a hold rating to a moderate buy rating in a report issued on Friday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on STN. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Royal Bank Of Canada boosted their target price on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Zacks Research cut Stantec from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank reissued an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $175.00.

Stantec Stock Performance

STN opened at $77.19 on Friday. The business’s 50 day moving average is $88.08 and its 200-day moving average is $94.56. The stock has a market cap of $8.81 billion, a PE ratio of 24.74 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. Stantec has a twelve month low of $72.46 and a twelve month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last announced its earnings results on Wednesday, May 13th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. Stantec had a return on equity of 17.69% and a net margin of 5.92%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, analysts predict that Stantec will post 4.47 earnings per share for the current year.

Stantec Announces Dividend

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 issued a $0.245 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.98 annualized dividend and a dividend yield of 1.3%. Stantec’s dividend payout ratio is currently 22.44%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. increased its holdings in shares of Stantec by 100.0% in the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock valued at $27,000 after buying an additional 126 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Stantec by 223.9% in the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after buying an additional 206 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Stantec by 264.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Stantec in the fourth quarter valued at $37,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Stantec by 423.7% in the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after buying an additional 411 shares in the last quarter. Institutional investors own 63.86% of the company’s stock.

Stantec Company Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.