Stantec Inc. (NYSE:STN) (TSE:STN) – Stock analysts at National Bank Financial issued their FY2019 earnings estimates for Stantec in a research note issued to investors on Thursday. National Bank Financial analyst M. Sytchev forecasts that the business services provider will post earnings of $1.90 per share for the year.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada began coverage on shares of Stantec in a report on Monday, October 23rd. They issued a “sector perform” rating and a $40.00 price objective for the company. BidaskClub upgraded shares of Stantec from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $35.67.
Stantec (NYSE:STN) traded down $0.35 during mid-day trading on Monday, hitting $28.25. 6,900 shares of the stock were exchanged, compared to its average volume of 21,813. The company has a market capitalization of $3,210.00, a PE ratio of 20.88 and a beta of 1.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.45 and a quick ratio of 1.45. Stantec has a 52-week low of $22.25 and a 52-week high of $28.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be issued a $0.098 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.39 dividend on an annualized basis and a yield of 1.39%. Stantec’s dividend payout ratio (DPR) is presently 50.63%.
Stantec announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to buyback 2,280,000 shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of STN. Trexquant Investment LP acquired a new stake in Stantec during the 3rd quarter valued at approximately $272,000. Dynamic Technology Lab Private Ltd acquired a new stake in Stantec during the 3rd quarter valued at approximately $313,000. OxFORD Asset Management LLP acquired a new stake in Stantec during the 3rd quarter valued at approximately $364,000. Bank of New York Mellon Corp increased its position in Stantec by 17.4% during the 1st quarter. Bank of New York Mellon Corp now owns 15,488 shares of the business services provider’s stock valued at $401,000 after purchasing an additional 2,300 shares during the period. Finally, Highstreet Asset Management Inc. acquired a new stake in Stantec during the 3rd quarter valued at approximately $442,000. Institutional investors and hedge funds own 56.51% of the company’s stock.
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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