Stantec (STN), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. RBC Capital’s analyst Derek Spronck reiterates their Hold rating on the shares, with a C$36 price target.
According to TipRanks.com, Spronck is a 4-star analyst with an average return of 10.5% and a 69.7% success rate. Spronck 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 Moderate Buy, with a price target consensus of C$37.42.
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.
