Royal Bank Of Canada Issues Positive Forecast for Stantec (NYSE:STN) Stock Price

Stantec (NYSE:STN) (TSE:STN) had its price target raised by Royal Bank Of Canada from $168.00 to $175.00 in a research report sent to investors on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the business services provider’s stock.

Several other research analysts also recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of Stantec in a research note on Thursday, January 22nd. Desjardins restated a “buy” rating on shares of Stantec in a research report on Monday, November 17th. Zacks Research upgraded shares of Stantec from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Stantec has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Stantec Stock Performance

STN opened at $92.82 on Monday. The stock has a market cap of $10.59 billion, a P/E ratio of 30.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $96.40 and its 200 day simple moving average is $102.23. Stantec has a 1-year low of $77.07 and a 1-year high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Stantec had a return on equity of 17.56% and a net margin of 5.90%.Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. As a group, equities analysts anticipate that Stantec will post 3.05 EPS for the current fiscal year.

Stantec Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Stantec’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 1.1%. Stantec’s payout ratio is currently 21.85%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of Stantec by 1,504.9% during the first quarter. Jones Financial Companies Lllp now owns 1,958 shares of the business services provider’s stock worth $162,000 after purchasing an additional 1,836 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Stantec by 15.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,426 shares of the business services provider’s stock worth $13,621,000 after buying an additional 22,524 shares during the period. Jane Street Group LLC boosted its stake in Stantec by 73.2% in the 1st quarter. Jane Street Group LLC now owns 22,066 shares of the business services provider’s stock worth $1,828,000 after buying an additional 9,325 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Stantec by 100.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,240 shares of the business services provider’s stock valued at $569,000 after buying an additional 2,626 shares during the period. Finally, Atria Investments Inc grew its holdings in Stantec by 144.2% in the 2nd quarter. Atria Investments Inc now owns 10,082 shares of the business services provider’s stock valued at $1,096,000 after buying an additional 5,954 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

About Stantec

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.