Stantec (NYSE:STN – Get Free Report) (TSE:STN) was upgraded by analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.
A number of other equities analysts have also commented on the company. Royal Bank Of Canada raised their price target on Stantec from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Zacks Research downgraded Stantec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen raised shares of Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Scotiabank reissued an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.00.
Check Out Our Latest Analysis on Stantec
Stantec Stock Up 6.1%
Stantec (NYSE:STN – Get Free Report) (TSE:STN) last announced its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Stantec had a return on equity of 17.69% and a net margin of 5.92%.The business 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. As a group, equities analysts predict that Stantec will post 4.47 EPS for the current year.
Hedge Funds Weigh In On Stantec
A number of hedge funds have recently modified their holdings of the company. Westside Investment Management Inc. boosted its holdings in shares of Stantec by 100.0% during the third quarter. Westside Investment Management Inc. now owns 252 shares of the business services provider’s stock worth $27,000 after purchasing an additional 126 shares during the period. Allworth Financial LP boosted its holdings in shares of Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock worth $28,000 after purchasing an additional 206 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after purchasing an additional 249 shares during the period. Leonteq Securities AG purchased a new stake in shares of Stantec during the fourth quarter worth about $37,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Stantec by 423.7% during the second quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock worth $55,000 after purchasing an additional 411 shares during the period. Hedge funds and other institutional investors own 63.86% of the company’s stock.
About Stantec
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.
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