Raymond James downgraded shares of Stantec (NYSE:STN) (TSE:STN) from an outperform rating to a market perform rating in a report issued on Friday morning, MarketBeat reports.

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Stantec from a hold rating to a sell rating in a research note on Thursday, September 6th. Scotia Howard Weill raised shares of Stantec from a sector perform rating to a sector outperform rating in a research note on Friday, October 19th. Howard Weil raised shares of Stantec from a sector perform rating to a sector outperform rating in a research note on Friday, October 19th. Zacks Investment Research downgraded shares of Stantec from a hold rating to a sell rating in a research note on Wednesday, October 10th. Finally, Scotiabank raised shares of Stantec from a sector perform rating to an outperform rating in a research note on Friday, October 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Stantec currently has an average rating of Hold and a consensus target price of $29.00.

Shares of Stantec stock traded down $1.76 on Friday, hitting $24.22. 31,624 shares of the company traded hands, compared to its average volume of 27,797. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.69 and a current ratio of 1.69. Stantec has a 52 week low of $23.95 and a 52 week high of $29.25. The company has a market capitalization of $3.02 billion, a PE ratio of 17.81 and a beta of 1.23.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). Stantec had a net margin of 2.58% and a return on equity of 10.09%. The company had revenue of $690.05 million for the quarter, compared to the consensus estimate of $699.73 million. On average, analysts forecast that Stantec will post 1.35 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Investors of record on Friday, December 28th will be paid a $0.1049 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, December 27th. Stantec’s dividend payout ratio (DPR) is 30.88%.

A number of large investors have recently modified their holdings of STN. Caisse DE Depot ET Placement DU Quebec raised its stake in Stantec by 16.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,141,012 shares of the business services provider’s stock worth $183,540,000 after buying an additional 1,014,400 shares in the last quarter. TD Asset Management Inc. raised its stake in Stantec by 54.7% in the second quarter. TD Asset Management Inc. now owns 1,034,040 shares of the business services provider’s stock worth $26,577,000 after buying an additional 365,729 shares in the last quarter. Addenda Capital Inc. raised its stake in Stantec by 96.5% in the second quarter. Addenda Capital Inc. now owns 436,396 shares of the business services provider’s stock worth $11,029,000 after buying an additional 214,263 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its stake in Stantec by 8.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 1,969,798 shares of the business services provider’s stock worth $50,710,000 after buying an additional 147,725 shares in the last quarter. Finally, Intact Investment Management Inc. raised its stake in Stantec by 60.1% in the second quarter. Intact Investment Management Inc. now owns 295,600 shares of the business services provider’s stock worth $9,965,000 after buying an additional 111,000 shares in the last quarter. 58.51% of the stock is owned by institutional investors.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services – Canada, Consulting Services – United States, Consulting Services – Global, and Construction Services.

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Analyst Recommendations for Stantec (NYSE:STN)

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