Stantec Inc. (NYSE:STN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Stantec Inc. (NYSE:STN) (TSE:STN) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of research analysts have commented on STN shares. StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a report on Wednesday. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Institutional Trading of Stantec

Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in Stantec by 632.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider’s stock worth $39,000 after buying an additional 424 shares during the period. Blue Trust Inc. grew its stake in shares of Stantec by 802.8% in the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock worth $81,000 after acquiring an additional 867 shares in the last quarter. Natixis increased its position in shares of Stantec by 114.8% during the fourth quarter. Natixis now owns 1,781 shares of the business services provider’s stock worth $140,000 after acquiring an additional 952 shares during the period. US Bancorp DE raised its stake in shares of Stantec by 30.3% in the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock valued at $171,000 after acquiring an additional 493 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Stantec in the fourth quarter valued at $205,000. Institutional investors and hedge funds own 63.86% of the company’s stock.

Stantec Trading Up 4.4 %

Shares of Stantec stock traded up $3.72 during trading hours on Wednesday, hitting $87.46. The company’s stock had a trading volume of 102,226 shares, compared to its average volume of 126,607. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 39.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. Stantec has a twelve month low of $73.18 and a twelve month high of $88.42. The firm has a fifty day moving average of $78.07 and a 200-day moving average of $80.93.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.