Stantec Inc. (NYSE:STN) Receives Average Rating of “Buy” from Analysts

Stantec Inc. (NYSE:STN) (TSE:STN) has earned an average rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating.

Several analysts recently commented on STN shares. Scotiabank reissued an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. CIBC restated an “outperform” rating on shares of Stantec in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th.

Stantec Stock Up 1.2%

STN opened at $105.97 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $12.09 billion, a PE ratio of 38.67 and a beta of 1.03. The stock’s fifty day moving average is $109.82 and its 200-day moving average is $107.05. Stantec has a one year low of $73.18 and a one year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.11. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, equities analysts predict that Stantec will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.225 dividend. The ex-dividend date is Wednesday, December 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.16. This represents a $0.90 annualized dividend and a dividend yield of 0.8%. Stantec’s dividend payout ratio is 23.72%.

Institutional Investors Weigh In On Stantec

Hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of Stantec by 82.4% during the second quarter. Alliancebernstein L.P. now owns 3,449,311 shares of the business services provider’s stock valued at $374,871,000 after buying an additional 1,558,703 shares in the last quarter. Norges Bank acquired a new stake in Stantec during the 2nd quarter worth about $157,932,000. The Manufacturers Life Insurance Company grew its stake in Stantec by 28.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,309,182 shares of the business services provider’s stock valued at $359,131,000 after acquiring an additional 964,188 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Stantec by 44.5% in the 3rd quarter. Legal & General Group Plc now owns 802,897 shares of the business services provider’s stock valued at $86,609,000 after purchasing an additional 247,087 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Stantec by 6.6% in the third quarter. Bank of Montreal Can now owns 3,566,821 shares of the business services provider’s stock worth $384,584,000 after purchasing an additional 219,733 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.