Stantec (NYSE:STN) Upgraded to Buy at Canaccord Genuity Group

Stantec (NYSE:STN - Get Free Report) TSE: STN was upgraded by stock analysts at Canaccord Genuity Group from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Marketbeat reports.

Other equities analysts have also issued reports about the company. Scotiabank initiated coverage on Stantec in a research note on Friday, October 25th. They issued a "sector outperform" rating on the stock. Raymond James downgraded shares of Stantec from a "moderate buy" rating to a "hold" rating in a research report on Thursday, August 8th. Finally, StockNews.com cut shares of Stantec from a "buy" rating to a "hold" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Stantec currently has a consensus rating of "Moderate Buy".

Stantec Trading Up 2.8 %

NYSE STN traded up $2.29 on Monday, reaching $82.93. The company had a trading volume of 138,455 shares, compared to its average volume of 118,530. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 37.38 and a beta of 1.02. Stantec has a fifty-two week low of $67.54 and a fifty-two week high of $88.42. The business has a 50 day moving average of $81.33 and a two-hundred day moving average of $82.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of STN. Triad Wealth Partners LLC acquired a new position in shares of Stantec during the second quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. bought a new position in Stantec in the second quarter worth approximately $71,000. Blue Trust Inc. increased its holdings in shares of Stantec by 802.8% during the third quarter. Blue Trust Inc. now owns 975 shares of the business services provider's stock valued at $81,000 after acquiring an additional 867 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Stantec by 45.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider's stock worth $83,000 after purchasing an additional 326 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in shares of Stantec by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider's stock worth $133,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 63.86% of the company's stock.

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.