Stantec (NYSE:STN) Upgraded at StockNews.com

Stantec (NYSE:STN - Get Free Report) TSE: STN was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report released on Saturday.

STN has been the subject of a number of other reports. Canaccord Genuity Group upgraded Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Raymond James downgraded shares of Stantec from a "moderate buy" rating to a "hold" rating in a report on Thursday, August 8th. Canaccord Genuity Group upgraded shares of Stantec from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Finally, Scotiabank assumed coverage on shares of Stantec in a research note on Friday, October 25th. They set a "sector outperform" rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Stantec Stock Down 0.7 %

Shares of STN traded down $0.62 during midday trading on Friday, hitting $82.31. The stock had a trading volume of 185,567 shares, compared to its average volume of 120,777. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 1.39. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 37.41 and a beta of 1.02. Stantec has a twelve month low of $67.54 and a twelve month high of $88.42. The company has a 50 day simple moving average of $81.58 and a two-hundred day simple moving average of $82.43.

Hedge Funds Weigh In On Stantec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in shares of Stantec by 3.1% in the third quarter. Stifel Financial Corp now owns 4,245 shares of the business services provider's stock valued at $341,000 after purchasing an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Stantec by 12.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the business services provider's stock valued at $103,000 after buying an additional 129 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Stantec by 5.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider's stock worth $324,000 after buying an additional 196 shares during the period. Legacy Capital Group California Inc. lifted its holdings in shares of Stantec by 6.8% during the second quarter. Legacy Capital Group California Inc. now owns 3,298 shares of the business services provider's stock worth $276,000 after buying an additional 211 shares in the last quarter. Finally, US Bancorp DE boosted its position 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 during the period. 63.86% of the stock is 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.