Stantec (NYSE:STN) Reaches New 12-Month Low - Here's Why

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN's share price reached a new 52-week low during trading on Monday . The stock traded as low as $74.30 and last traded at $74.02, with a volume of 1448 shares traded. The stock had previously closed at $77.43.

Analyst Ratings Changes

Several research firms recently issued reports on STN. Canaccord Genuity Group raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They issued a "sector outperform" rating on the stock. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Stantec from a "hold" rating to a "buy" rating in a report on Saturday, November 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Stantec Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 34.74 and a beta of 1.01. The business has a 50 day moving average of $80.13 and a 200 day moving average of $81.69.

Stantec (NYSE:STN - Get Free Report) TSE: STN last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Stantec had a return on equity of 16.57% and a net margin of 4.78%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $0.85 EPS. As a group, research analysts predict that Stantec Inc. will post 3.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in STN. Northwestern Mutual Wealth Management Co. acquired a new position in Stantec in the 2nd quarter worth $71,000. Blue Trust Inc. boosted its position 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 worth $81,000 after buying an additional 867 shares during the period. US Bancorp DE grew its holdings in shares of Stantec by 30.3% during the third quarter. US Bancorp DE now owns 2,122 shares of the business services provider's stock worth $171,000 after buying an additional 493 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Stantec in the 3rd quarter valued at approximately $211,000. Finally, FORA Capital LLC bought a new stake in Stantec in the 3rd quarter valued at approximately $213,000. 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.