Rating to Follow: Stantec (TSE:STN) Stock Rating Reaffirmed at Scotia Capital; The $37.00 Target Indicates 5.05% Potential

November 28, 2016 - By Peter Kolinski

Stantec (TSE:STN) Rating

Scotia Capital currently has a $37.00 target on the $3.98 billion market cap company or 5.05% upside potential. In an analyst note made public on Monday, 28 November, Stantec (TSE:STN) stock had its Sector Perform Rating reiterated by equity analysts at Scotia Capital.

Stantec Inc. (TSE:STN) Ratings Coverage

Out of 8 analysts covering Stantec Inc. (TSE:STN), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. $40 is the highest target while $30 is the lowest. The $36.22 average target is 2.90% above today’s ($35.2) stock price. Stantec Inc. has been the topic of 24 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, July 22. The firm earned “Buy” rating on Tuesday, September 8 by Dundee Securities. The firm earned “Hold” rating on Friday, June 3 by Desjardins Securities. The stock has “Sector Perform” rating given by National Bank Canada on Monday, May 2.

About 208,825 shares traded hands. Stantec Inc. (TSE:STN) has risen 11.09% since April 22, 2016 and is uptrending. It has outperformed by 5.08% the S&P500.

Analysts await Stantec Inc. (USA) (NYSE:STN) to report earnings on February, 23. They expect $0.33 EPS, up 65.00% or $0.13 from last year’s $0.2 per share. STN’s profit will be $37.24 million for 19.73 P/E if the $0.33 EPS becomes a reality. After $0.42 actual EPS reported by Stantec Inc. (USA) for the previous quarter, Wall Street now forecasts -21.43% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 1.21, from 2.04 in 2016Q1. The ratio dived, as 11 funds sold all Stantec Inc. shares owned while 16 reduced positions. 8 funds bought stakes while 47 increased positions. They now own 51.26 million shares or 7.02% less from 55.12 million shares in 2016Q1.

Invesco Ltd holds 0% of its portfolio in Stantec Inc. (TSE:STN) for 102,934 shares. Jane Street Group Inc Ltd Com has 11,597 shares for 0% of their US portfolio. Jpmorgan Chase Co reported 84 shares or 0% of all its holdings. Massachusetts Finance Ma last reported 1.10M shares in the company. Moreover, Montrusco Bolton Inc has 1.13% invested in Stantec Inc. (TSE:STN) for 735,866 shares. The Vermont-based Manchester Capital Mgmt Limited Liability has invested 0% in Stantec Inc. (TSE:STN). Renaissance Group Inc Ltd Llc holds 11,622 shares or 0.01% of its portfolio. Barclays Plc has 700 shares for 0% of their US portfolio. Royal Natl Bank Of Canada holds 0.09% or 6.22 million shares in its portfolio. Van Berkom Assoc Incorporated holds 1.54% or 1.40M shares in its portfolio. Moreover, Cubist Systematic Strategies Llc has 0.01% invested in Stantec Inc. (TSE:STN) for 8,500 shares. Tetrem Cap accumulated 0.46% or 492,892 shares. Weatherbie Limited Liability Corporation has 11,345 shares for 0.04% of their US portfolio. Ig Inv, a Manitoba – Canada-based fund reported 797,680 shares. Manufacturers Life Insur Co The accumulated 1.14 million shares or 0.04% of the stock.

Stantec Inc. is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The company has a market cap of $3.98 billion. The Company’s segment is Consulting Services. It has a 30.04 P/E ratio. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

According to Zacks Investment Research, “Stantec Inc. provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying and geomatics. It also provides professional consulting services in environmental sciences, project management, and project economics for infrastructure and facilities projects. Its services include, or relate to, the development of conceptual plans, zoning approval of design infrastructure, transportation planning, traffic engineering, landscape architecture, urban planning, design construction review and surveying. It provides knowledge-based solutions for infrastructure and facilities projects through value-added professional services principally under fee-for-service agreements with clients. Stantec Inc. is headquartered in Edmonton, Canada.”

More news for Stantec Inc. (TSE:STN) were recently published by: Streetinsider.com, which released: “Stantec, Inc. (STN) to Acquire MWH Global for ~$793M” on March 29, 2016. Forbes.com‘s article titled: “RSI Alert: Stantec (STN) Now Oversold” and published on August 05, 2016 is yet another important article.

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