Stantec (NYSE:STN) Receives New Coverage from Analysts at Scotiabank

Research analysts at Scotiabank initiated coverage on shares of Stantec (NYSE:STN) (TSE:STN) in a research note issued to investors on Friday, StockNewsAPI reports. The brokerage set a “sector outperform” rating on the business services provider’s stock.

Separately, Raymond James cut shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Stantec Price Performance

Stantec stock opened at $81.99 on Friday. The firm has a market capitalization of $9.35 billion, a P/E ratio of 35.80 and a beta of 1.02. Stantec has a one year low of $59.55 and a one year high of $88.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day moving average price of $81.53 and a 200-day moving average price of $82.20.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities research analysts forecast that Stantec will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of STN. Capstone Investment Advisors LLC bought a new stake in Stantec during the first quarter valued at approximately $810,000. Jennison Associates LLC lifted its holdings in shares of Stantec by 82.6% during the 1st quarter. Jennison Associates LLC now owns 92,248 shares of the business services provider’s stock worth $7,662,000 after acquiring an additional 41,724 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in Stantec by 3.1% in the first quarter. Jupiter Asset Management Ltd. now owns 313,793 shares of the business services provider’s stock worth $26,077,000 after acquiring an additional 9,480 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Stantec by 33.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 76,772 shares of the business services provider’s stock valued at $6,375,000 after acquiring an additional 19,407 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Stantec by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,210,881 shares of the business services provider’s stock valued at $337,671,000 after purchasing an additional 59,821 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Company Profile

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.