Stantec (NYSE:STN) Stock Rating Lowered by StockNews.com

Stantec (NYSE:STN - Get Free Report) TSE: STN was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Several other research analysts have also commented on STN. Raymond James lowered shares of Stantec from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 8th. Scotiabank initiated coverage on Stantec in a research report on Friday, October 25th. They set a "sector outperform" rating on the stock.

Stantec Trading Down 4.6 %

NYSE:STN traded down $3.92 during mid-day trading on Friday, reaching $80.67. 164,769 shares of the company's stock traded hands, compared to its average volume of 118,435. The company has a 50 day moving average price of $81.33 and a 200-day moving average price of $82.38. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 36.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.39 and a quick ratio of 1.39. Stantec has a 12-month low of $62.91 and a 12-month high of $88.42.

Stantec (NYSE:STN - Get Free Report) TSE: STN last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.09 billion. Stantec had a return on equity of 16.22% and a net margin of 4.96%. On average, sell-side analysts predict that Stantec will post 3.07 earnings per share for the current year.

Institutional Trading of Stantec

A number of hedge funds have recently modified their holdings of STN. Triad Wealth Partners LLC bought a new stake in Stantec during the second quarter worth about $51,000. Northwestern Mutual Wealth Management Co. bought a new position in Stantec during the 2nd quarter valued at approximately $71,000. 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $83,000 after acquiring an additional 326 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in shares of Stantec by 100.0% in the 1st 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 last quarter. Institutional investors own 63.86% of the company's stock.

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.

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