Stantec (STN), the Materials sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Devin Dodge from BMO Capital rated Stantec (STN) a Buy, setting a C$38 price target.
According to TipRanks.com, Dodge is a 1-star analyst with an average return of -1.7% and a 57.4% success rate. Dodge covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Stantec Inc.
Stantec has an analyst consensus of Strong Buy, with a price target consensus of C$37.63, representing a 16.2% upside. In a report issued on February 15, Scotiabank also reiterated a Buy rating on the stock with a C$40 price target.
.
Based on Stantec’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$18 million. In comparison, last year the company earned revenue of C$1.25 billion and had a net profit of C$11.2 million.
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.
The company’s shares closed on Thursday at C$32.38.
