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

Stantec (NYSE:STN) (TSE:STN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities research analysts have also issued reports on the stock. Scotiabank initiated coverage on shares of Stantec in a research note on Friday, October 25th. They set a “sector outperform” rating for the company. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Raymond James lowered shares of Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Stantec Price Performance

Shares of NYSE STN opened at $82.31 on Friday. Stantec has a fifty-two week low of $67.54 and a fifty-two week high of $88.42. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 37.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.39 and a current ratio of 1.42. The firm’s 50-day simple moving average is $81.58 and its 200 day simple moving average is $82.43.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC grew its stake in Stantec by 33.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 76,772 shares of the business services provider’s stock valued at $6,375,000 after buying an additional 19,407 shares in the last quarter. Acadian Asset Management LLC grew its stake in Stantec by 488.2% in the 1st quarter. Acadian Asset Management LLC now owns 20,000 shares of the business services provider’s stock valued at $1,659,000 after buying an additional 16,600 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in Stantec by 81.8% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,125 shares of the business services provider’s stock valued at $1,137,000 after buying an additional 6,354 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Stantec by 5.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,025 shares of the business services provider’s stock valued at $324,000 after buying an additional 196 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Stantec by 175.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,266,214 shares of the business services provider’s stock valued at $105,850,000 after buying an additional 806,869 shares in the last quarter. 63.86% of the stock is currently owned by hedge funds and other institutional investors.

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.