SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $30.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.36% from the stock’s previous close.

According to Zacks, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada. “

Several other equities research analysts have also commented on the stock. Desjardins raised shares of SPDR MSCI Europe Energy UCITS ETF from a “hold” rating to a “buy” rating in a research note on Friday, May 12th. BidaskClub raised shares of SPDR MSCI Europe Energy UCITS ETF from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.20.

SPDR MSCI Europe Energy UCITS ETF (NYSE STN) traded down 0.37% during midday trading on Tuesday, hitting $26.60. 3,881 shares of the company were exchanged. SPDR MSCI Europe Energy UCITS ETF has a 1-year low of $21.50 and a 1-year high of $28.05. The firm has a market capitalization of $3.03 billion, a PE ratio of 32.16 and a beta of 1.62. The stock has a 50 day moving average of $25.35 and a 200 day moving average of $25.33.

SPDR MSCI Europe Energy UCITS ETF (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. SPDR MSCI Europe Energy UCITS ETF had a net margin of 2.31% and a return on equity of 10.67%. The business had revenue of $891.49 million for the quarter, compared to analyst estimates of $902.78 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. SPDR MSCI Europe Energy UCITS ETF’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts predict that SPDR MSCI Europe Energy UCITS ETF will post $1.52 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of STN. FMR LLC boosted its position in shares of SPDR MSCI Europe Energy UCITS ETF by 44.2% in the first quarter. FMR LLC now owns 6,965,250 shares of the business services provider’s stock valued at $180,751,000 after buying an additional 2,136,100 shares during the period. Jones Collombin Investment Counsel Inc boosted its position in SPDR MSCI Europe Energy UCITS ETF by 2,774.2% in the first quarter. Jones Collombin Investment Counsel Inc now owns 279,660 shares of the business services provider’s stock valued at $7,247,000 after buying an additional 269,930 shares during the last quarter. Water Asset Management LLC boosted its position in SPDR MSCI Europe Energy UCITS ETF by 471.7% in the first quarter. Water Asset Management LLC now owns 304,537 shares of the business services provider’s stock valued at $7,888,000 after buying an additional 251,269 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in SPDR MSCI Europe Energy UCITS ETF by 18.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 956,715 shares of the business services provider’s stock valued at $24,779,000 after buying an additional 151,257 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in SPDR MSCI Europe Energy UCITS ETF by 5.8% in the first quarter. Vanguard Group Inc. now owns 2,039,743 shares of the business services provider’s stock valued at $52,830,000 after buying an additional 111,310 shares during the last quarter. 57.30% of the stock is owned by institutional investors and hedge funds.

SPDR MSCI Europe Energy UCITS ETF Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

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Analyst Recommendations for SPDR MSCI Europe Energy UCITS ETF (NYSE:STN)

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