Scotiabank Begins Coverage on Stantec (NYSE:STN)

Investment analysts at Scotiabank initiated coverage on shares of Stantec (NYSE:STN - Get Free Report) TSE: STN in a research report issued to clients and investors on Friday, StockNewsAPI reports. The firm set a "sector outperform" rating on the business services provider's stock.

Separately, Raymond James downgraded shares of Stantec from a "moderate buy" rating to a "hold" rating in a research note on Thursday, August 8th.

Stantec Trading Down 0.3 %

Stantec stock traded down $0.21 during midday trading on Friday, reaching $81.77. The stock had a trading volume of 60,881 shares, compared to its average volume of 119,730. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. Stantec has a 52-week low of $59.55 and a 52-week high of $88.42. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 35.71 and a beta of 1.02. The company has a fifty day moving average of $81.53 and a 200 day moving average of $82.20.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Stantec had a net margin of 4.96% and a return on equity of 16.22%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts anticipate that Stantec will post 3.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stantec

Hedge funds and other institutional investors have recently modified their holdings of the business. Capstone Investment Advisors LLC bought a new position in shares of Stantec during the first quarter valued at approximately $810,000. Jennison Associates LLC lifted its position in Stantec by 82.6% during the first quarter. Jennison Associates LLC now owns 92,248 shares of the business services provider's stock valued at $7,662,000 after acquiring an additional 41,724 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Stantec by 3.1% during the first quarter. Jupiter Asset Management Ltd. now owns 313,793 shares of the business services provider's stock valued at $26,077,000 after acquiring an additional 9,480 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Stantec by 33.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 76,772 shares of the business services provider's stock valued at $6,375,000 after acquiring an additional 19,407 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Stantec by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,210,881 shares of the business services provider's stock valued at $337,671,000 after acquiring an additional 59,821 shares during the last quarter. 63.86% of the stock is currently owned by institutional investors.

About Stantec

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.