The Materials sector company, Stantec (TSX: STN), has received a rating update from a Wall Street analyst yesterday. Analyst Devin Dodge from BMO Capital reiterated a Buy rating, with a C$40 price target.
According to TipRanks.com, Dodge is ranked #2028 out of 4850 analysts.
Read also: Crude Oil: Sell Now, Buy Later
Currently, the analyst consensus on Stantec is a Moderate Buy with an average price target of C$37.20.
Based on Stantec’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$36.8 million. In comparison, last year the company had a net profit of C$97.63 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 Wednesday at C$32.89.
