Stantec Inc. (NYSE:STN) (TSE:STN) has received a consensus rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $35.75.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. BMO Capital Markets reiterated a “buy” rating on shares of Stantec in a research report on Thursday, February 28th. Raymond James upgraded shares of Stantec to a “buy” rating and set a $35.50 target price for the company in a research report on Thursday, December 13th. Royal Bank of Canada reiterated an “average” rating and issued a $36.00 target price on shares of Stantec in a research report on Friday, March 1st. Finally, TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a research report on Friday, March 15th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC purchased a new stake in Stantec during the fourth quarter valued at about $226,000. Norges Bank purchased a new stake in Stantec during the fourth quarter valued at about $33,961,000. Dimensional Fund Advisors LP boosted its position in Stantec by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 143,711 shares of the business services provider’s stock valued at $3,142,000 after buying an additional 5,008 shares during the period. Legal & General Group Plc boosted its position in Stantec by 89.7% during the fourth quarter. Legal & General Group Plc now owns 55,142 shares of the business services provider’s stock valued at $1,207,000 after buying an additional 26,074 shares during the period. Finally, Barclays PLC boosted its position in Stantec by 980.4% during the fourth quarter. Barclays PLC now owns 7,563 shares of the business services provider’s stock valued at $165,000 after buying an additional 6,863 shares during the period. Institutional investors and hedge funds own 67.39% of the company’s stock.
Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Thursday, February 28th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Stantec had a net margin of 0.96% and a return on equity of 9.80%. On average, sell-side analysts expect that Stantec will post 1.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $0.11 dividend. The ex-dividend date is Thursday, March 28th. This is a positive change from Stantec’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.82%. Stantec’s payout ratio is 31.43%.
Stantec Company Profile
Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services Canada, Consulting Services United States, Consulting Services Global, and Construction Services.
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