Desjardins Weighs in on Stantec Inc.’s Q3 2017 Earnings (STN)

Stantec Inc. (TSE:STN) (NYSE:STN) – Investment analysts at Desjardins dropped their Q3 2017 earnings per share (EPS) estimates for Stantec in a research note issued to investors on Tuesday. Desjardins analyst B. Poirier now forecasts that the firm will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.62. Desjardins also issued estimates for Stantec’s Q4 2017 earnings at $0.49 EPS, FY2017 earnings at $2.12 EPS and FY2018 earnings at $2.27 EPS.

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STN has been the subject of several other research reports. Scotiabank upgraded shares of Stantec from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$37.00 to C$40.00 in a research report on Friday, February 24th. Raymond James Financial, Inc. upped their price target on shares of Stantec from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Royal Bank of Canada reduced their price target on shares of Stantec from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Friday, February 24th. Finally, TD Securities reduced their price target on shares of Stantec from C$40.00 to C$38.00 and set a “hold” rating for the company in a research report on Friday, February 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Stantec presently has an average rating of “Hold” and an average target price of C$35.78.

Shares of Stantec (TSE:STN) opened at 34.52 on Thursday. Stantec has a 52 week low of $28.74 and a 52 week high of $36.85. The firm has a 50-day moving average of $34.92 and a 200 day moving average of $33.38. The company has a market cap of $3.94 billion and a P/E ratio of 28.30.

About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

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