FY2018 EPS Estimates for Stantec Inc. (STN) Decreased by Analyst

Stantec Inc. (TSE:STN) (NYSE:STN) – Stock analysts at National Bank Financial dropped their FY2018 EPS estimates for shares of Stantec in a note issued to investors on Tuesday, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $2.53 per share for the year, down from their previous estimate of $2.66.

A number of other analysts also recently issued reports on the company. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$39.00 price target on shares of Stantec in a research report on Tuesday, March 21st. TD Securities reiterated a “hold” rating and set a C$38.00 price target on shares of Stantec in a research report on Wednesday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a C$36.00 price target on shares of Stantec in a research report on Wednesday, March 22nd. Finally, Scotiabank reiterated an “outperform” rating and set a C$40.00 price target on shares of Stantec in a research report on Wednesday, March 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$36.13.

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Stantec (TSE:STN) traded down 0.74% during trading on Thursday, hitting $33.60. 304,170 shares of the company’s stock traded hands. Stantec has a 52-week low of $28.74 and a 52-week high of $36.85. The company’s 50 day moving average price is $34.68 and its 200 day moving average price is $33.98. The company has a market cap of $3.83 billion and a PE ratio of 27.54.

In related news, Director Carl Frank Clayton sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of C$35.28, for a total value of C$352,800.00.

Stantec Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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