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Stantec Inc. (NYSE:STN) Given Average Recommendation of “Moderate Buy” by Brokerages

Stantec Inc. (NYSE:STN) Given Average Recommendation of “Moderate Buy” by Brokerages #Stantec #NYSESTN #Average #Recommendation #Moderate #Buy #Brokerages Welcome to Americanah Blog, here is the new story we have for you today:

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Stantec Inc. (NYSE:STNGet Rating) (TSE:STN) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $75.00.

Several brokerages recently weighed in on STN. Scotiabank raised their price objective on shares of Stantec from C$72.00 to C$74.00 in a research report on Friday, August 12th. Royal Bank of Canada raised their price objective on shares of Stantec from C$65.00 to C$67.00 in a research report on Friday, August 12th. BMO Capital Markets raised their price objective on shares of Stantec from C$72.00 to C$75.00 in a research report on Friday, August 12th. Atb Cap Markets raised shares of Stantec from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 11th. Finally, Stifel Nicolaus raised their price objective on shares of Stantec from C$70.00 to C$72.00 in a research report on Friday, August 12th.

Stantec Price Performance

NYSE STN opened at $47.50 on Tuesday. The company has a 50 day simple moving average of $47.88 and a 200-day simple moving average of $47.05. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 34.67 and a beta of 0.94. Stantec has a 52-week low of $40.92 and a 52-week high of $58.50.

Stantec Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Thursday, September 29th will be paid a $0.141 dividend. This is an increase from Stantec’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.19%. Stantec’s dividend payout ratio (DPR) is presently 41.61%.

Institutional Investors Weigh In On Stantec

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi grew its stake in shares of Stantec by 70.2% in the second quarter. Amundi now owns 1,305,661 shares of the business services provider’s stock worth $73,705,000 after acquiring an additional 538,466 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Stantec by 5.5% in the second quarter. Legal & General Group Plc now owns 83,864 shares of the business services provider’s stock worth $3,666,000 after acquiring an additional 4,381 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Stantec by 146.9% in the second quarter. Citadel Advisors LLC now owns 132,775 shares of the business services provider’s stock worth $5,814,000 after acquiring an additional 78,991 shares during the last quarter. Millennium Management LLC grew its stake in shares of Stantec by 13.7% in the second quarter. Millennium Management LLC now owns 262,472 shares of the business services provider’s stock worth $11,495,000 after acquiring an additional 31,700 shares during the last quarter. Finally, Tacita Capital Inc grew its stake in shares of Stantec by 35.7% in the second quarter. Tacita Capital Inc now owns 950 shares of the business services provider’s stock worth $42,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 61.32% of the company’s stock.

Stantec Company Profile

(Get Rating)

Stantec Inc provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

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Analyst Recommendations for Stantec (NYSE:STN)

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