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

Stantec (NYSE:STN) (TSE:STN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other analysts have also recently weighed in on STN. Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a research report on Thursday, August 8th. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group raised Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Scotiabank began coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Stantec Trading Down 0.7 %

NYSE:STN opened at $82.31 on Friday. The company has a 50-day moving average price of $81.58 and a 200-day moving average price of $82.46. 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 current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.54. Stantec has a 12 month low of $67.54 and a 12 month high of $88.42.

Hedge Funds Weigh In On Stantec

A number of hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Stantec by 121.3% in the third quarter. The Manufacturers Life Insurance Company now owns 2,802,689 shares of the business services provider’s stock worth $225,537,000 after buying an additional 1,536,475 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position 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 acquiring an additional 806,869 shares in the last quarter. National Bank of Canada FI boosted its stake in Stantec by 54.6% during the 3rd quarter. National Bank of Canada FI now owns 1,453,730 shares of the business services provider’s stock valued at $116,897,000 after purchasing an additional 513,269 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Stantec by 86.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 913,713 shares of the business services provider’s stock worth $75,897,000 after purchasing an additional 422,538 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Stantec by 15.1% in the second quarter. Bank of Montreal Can now owns 3,176,820 shares of the business services provider’s stock worth $265,177,000 after purchasing an additional 415,993 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.

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.