Stantec (NYSE:STN) Stock Rating Upgraded by Canaccord Genuity Group

Stantec (NYSE:STN) (TSE:STN) was upgraded by research analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports.

Several other research analysts also recently weighed in on the stock. StockNews.com downgraded shares of Stantec from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Scotiabank assumed coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating on the stock. Finally, Raymond James lowered Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Stantec Price Performance

NYSE STN opened at $82.30 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $9.39 billion, a P/E ratio of 37.41 and a beta of 1.02. The company has a 50-day moving average price of $81.37 and a 200-day moving average price of $82.41. Stantec has a 52 week low of $67.54 and a 52 week high of $88.42.

Institutional Investors Weigh In On Stantec

Institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in shares of Stantec by 4.8% in the third quarter. Advisors Asset Management Inc. now owns 42,310 shares of the business services provider’s stock worth $3,402,000 after acquiring an additional 1,926 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Stantec by 2.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,776,167 shares of the business services provider’s stock valued at $142,817,000 after purchasing an additional 48,009 shares during the period. Caprock Group LLC lifted its holdings in Stantec by 5.6% in the 3rd quarter. Caprock Group LLC now owns 11,091 shares of the business services provider’s stock worth $894,000 after purchasing an additional 585 shares in the last quarter. Swiss National Bank boosted its stake in Stantec by 0.8% in the 3rd quarter. Swiss National Bank now owns 344,970 shares of the business services provider’s stock worth $27,786,000 after purchasing an additional 2,700 shares during the period. Finally, Cumberland Partners Ltd grew its holdings in Stantec by 1,013.6% during the 3rd quarter. Cumberland Partners Ltd now owns 112,200 shares of the business services provider’s stock valued at $9,031,000 after buying an additional 102,125 shares in the last quarter. Hedge funds and other institutional investors own 63.86% of the company’s stock.

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.