Stantec (NYSE:STN) Raised to “Outperform” at Raymond James

Stantec (NYSE:STN) (TSE:STN) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday,Finviz reports.

A number of other research analysts have also commented on STN. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Stantec from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Stantec presently has an average rating of “Moderate Buy”.

Stantec Stock Performance

NYSE:STN opened at $83.77 on Wednesday. The firm has a market capitalization of $9.56 billion, a PE ratio of 38.08 and a beta of 1.01. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. Stantec has a 1 year low of $73.18 and a 1 year high of $88.42. The firm’s fifty day simple moving average is $78.07 and its 200 day simple moving average is $80.93.

Institutional Trading of Stantec

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in Stantec by 632.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 491 shares of the business services provider’s stock worth $39,000 after purchasing an additional 424 shares during the period. Blue Trust Inc. increased its holdings in Stantec by 802.8% in the 3rd quarter. Blue Trust Inc. now owns 975 shares of the business services provider’s stock valued at $81,000 after buying an additional 867 shares during the period. Natixis raised its stake in shares of Stantec by 114.8% in the 4th quarter. Natixis now owns 1,781 shares of the business services provider’s stock valued at $140,000 after buying an additional 952 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Stantec by 30.3% during the 3rd quarter. US Bancorp DE now owns 2,122 shares of the business services provider’s stock worth $171,000 after acquiring an additional 493 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Stantec during the 4th quarter valued at about $205,000. Institutional investors and hedge funds 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.