In a report released yesterday, Sabahat Khan from RBC Capital reiterated a Buy rating on Stantec (STN – Research Report), with a price target of C$125.00. The company’s shares closed yesterday at $82.20.
Khan covers the Consumer Cyclical sector, focusing on stocks such as Boyd Group Services, Gildan Activewear, and Polaris. According to TipRanks, Khan has an average return of 5.6% and a 52.84% success rate on recommended stocks.
In addition to RBC Capital, Stantec also received a Buy from Stifel Nicolaus’s Ian Gillies in a report issued yesterday. However, on the same day, Scotiabank maintained a Hold rating on Stantec (NYSE: STN).
Based on Stantec’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.61 billion and a net profit of $74.4 million. In comparison, last year the company earned a revenue of $292.3 million and had a net profit of $73.5 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock.
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Stantec (STN) Company Description:
Stantec, Inc. engages the provision of in general design and architectural solutions. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers pre-design, design, and construction administration services in planning, architecture, buildings engineering, and interior design services for vertical infrastructure. The Energy and Resources segment is involved in industrial engineering services for private sector energy, resource, and power clients. The Environment Services segment provides environmental services for private sector clients and remediation activities for private and public sector clients. The Infrastructure segment is responsible to design and engineering services; as well as project and construction management services. The Water segment is responsible for traditional planning, engineering, design, and construction management services. The company was founded by Don Stanely in 1954 and is headquartered in Edmonton, Canada.
