Stantec Inc (STN) Received its Third Buy in a Row


According to The Fly, after CIBC and Canaccord Genuity gave Stantec Inc (NYSE: STN) a Buy rating last month, the company received another Buy, this time from Scotiabank. Analyst Mark Neville reiterated a Buy rating on Stantec Inc yesterday. The company’s shares closed yesterday at $25.98.

Neville has an average return of 3.5% when recommending Stantec Inc.

According to TipRanks.com, Neville is ranked #617 out of 4912 analysts.

The the analyst consensus on Stantec Inc is currently a Strong Buy rating.

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Based on Stantec Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $30.67 million. In comparison, last year the company had a net profit of $36.81 million.

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Stantec, Inc. engages in general design and architectural solutions. It specializes in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, construction services, project management, and project economics, from initial project concept and planning through to design, construction, commissioning, maintenance, decommissioning, and remediation. It operates through the following segments: Buildings; Energy and Resources; Environment Services; Infrastructure; and Water. The Buildings segment offers e-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, project management, and construction management services primarily for private sector 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 design and engineering and construction management services in water projects. The company was founded in 1954 and is headquartered in Edmonton, Canada.

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