Stantec Inc. (NYSE:STN) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN) have received an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several research firms recently commented on STN. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They issued a “sector outperform” rating on the stock. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Check Out Our Latest Stock Report on Stantec

Stantec Stock Performance

NYSE:STN opened at $77.11 on Tuesday. The firm has a market capitalization of $8.80 billion, a PE ratio of 35.05 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec has a 12-month low of $76.03 and a 12-month high of $88.42. The firm has a 50-day moving average price of $82.64 and a 200 day moving average price of $82.71.

Stantec Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Tuesday, December 31st. This is a boost from Stantec’s previous quarterly dividend of $0.15. Stantec’s dividend payout ratio is presently 28.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Stifel Financial Corp increased its position in Stantec by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 126 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Stantec by 12.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 129 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Stantec by 5.1% in the third quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after purchasing an additional 196 shares in the last quarter. US Bancorp DE raised its position in Stantec by 30.3% in the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock worth $171,000 after purchasing an additional 493 shares during the last quarter. Finally, Caprock Group LLC lifted its holdings in Stantec by 5.6% during the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock worth $894,000 after buying an additional 585 shares in the last quarter. 63.86% of the stock is owned by institutional investors.

Stantec Company Profile

(Get Free Report

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.

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