Stantec Inc. (NYSE:STN) (TSE:STN) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $40.00.
Several equities research analysts recently commented on STN shares. Zacks Investment Research downgraded Stantec from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada started coverage on Stantec in a report on Monday, October 23rd. They set a “sector perform” rating and a $40.00 target price on the stock. BidaskClub upgraded Stantec from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded Stantec from a “c” rating to a “b-” rating in a report on Monday, August 14th.
A number of hedge funds have recently bought and sold shares of the business. Mawer Investment Management Ltd. increased its holdings in Stantec by 5.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 2,782,756 shares of the business services provider’s stock worth $77,277,000 after purchasing an additional 141,970 shares during the last quarter. Vanguard Group Inc. increased its holdings in Stantec by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock worth $52,830,000 after purchasing an additional 111,310 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in Stantec by 4.4% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 1,645,473 shares of the business services provider’s stock worth $45,659,000 after purchasing an additional 68,973 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Stantec by 70.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,154,746 shares of the business services provider’s stock worth $31,984,000 after purchasing an additional 475,728 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Stantec by 9.5% during the 3rd quarter. Mackenzie Financial Corp now owns 525,030 shares of the business services provider’s stock worth $14,570,000 after purchasing an additional 45,600 shares during the last quarter. Institutional investors own 56.51% of the company’s stock.
Shares of Stantec (STN) traded down $0.35 during trading hours on Thursday, hitting $28.25. The company had a trading volume of 6,900 shares, compared to its average volume of 21,813. The stock has a market cap of $3,210.00, a P/E ratio of 20.88 and a beta of 1.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Stantec has a 1-year low of $22.25 and a 1-year high of $28.90.
Stantec announced that its board has initiated a stock repurchase program on Thursday, November 9th that allows the company to buyback 2,280,000 outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.098 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.39 annualized dividend and a yield of 1.39%. Stantec’s dividend payout ratio is presently 50.63%.
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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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