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

Stantec (NYSE:STN) (TSE:STN) was upgraded by research analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other research analysts have also weighed in on STN. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Thursday, January 22nd. Zacks Research lowered Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada raised their price objective on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Weiss Ratings raised shares of Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.

Stantec Price Performance

STN stock opened at $77.19 on Friday. The stock has a market capitalization of $8.81 billion, a PE ratio of 24.74 and a beta of 1.06. The company’s 50-day moving average is $88.08 and its 200-day moving average is $94.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.35 and a quick ratio of 1.23. Stantec has a 1 year low of $72.46 and a 1 year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. Stantec had a net margin of 5.92% and a return on equity of 17.69%. The company 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. Equities research analysts expect that Stantec will post 4.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Stantec

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. boosted its holdings in shares of Stantec by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after buying an additional 126 shares during the last quarter. Allworth Financial LP grew its position in shares of Stantec by 223.9% during the 4th quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 206 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Stantec by 264.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 249 shares during the period. Leonteq Securities AG bought a new position in shares of Stantec during the 4th quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 411 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

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.