STANTEC INC Receives “Buy” Recommendation from Brokerages

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STANTEC INC ($TSX:STN) is an international professional services company that specializes in the design and delivery of sustainable solutions in the engineering, architecture, interior design, and project management sectors. The company provides its services to both public and private sector clients across a wide range of industries, including buildings, energy, oil and gas, transportation and water. Recently, the stock of STANTEC INC has been given an average recommendation of “Buy” by brokerages. This means that analysts are recommending investors to buy the stock and hold it in their portfolios for a longer period of time. The stock has seen an increase in its price since the “Buy” recommendation was issued and this has led to increased investor confidence in the company. Analysts have commented on the company’s strong balance sheet, which includes a large amount of cash on hand and a low amount of debt. This has allowed the company to invest in new projects as well as acquire other companies, which has helped to diversify its portfolio.

Additionally, the company’s strong customer base has enabled it to continue to generate steady revenue growth over the past few years. Analysts have also pointed to STANTEC INC’s focus on innovation and sustainability as factors that have contributed to its growth. The company has invested heavily in research and development, which has resulted in the development of new technologies and products that have helped to improve efficiency and reduce costs. Additionally, the company has implemented environmentally-friendly practices throughout its operations, which has made it an attractive option for many clients. Overall, STANTEC INC is well-positioned for continued growth and success in the future. With a strong balance sheet and a focus on sustainable solutions, the company is well-positioned to capitalize on new opportunities and capture more market share. The “Buy” recommendation from brokerages is a sign that analysts expect the stock to continue to perform well over the long-term.

Market Price

Despite the news coverage of STANTEC INC being mostly negative, the company received a “buy” recommendation from major brokerages. On Tuesday, the stock opened at CA$65.0 and closed at CA$65.3, up by 0.7% from last closing price of CA$64.9. This 0.7% increase was driven by the “buy” recommendation made by five different brokerages. The news of the “buy” recommendation is good news for the company, as it shows an increase in investor confidence in the company despite the current market situation. The increase in stock price is also a positive sign, as it indicates that investors are willing to invest more in the company. The “buy” recommendation was made by five different brokerages, which is a strong signal that investors are confident in the future of STANTEC INC. It is expected that this will lead to an increase in investor interest in the company, as well as more investment activity.

In addition, this “buy” recommendation should help to improve the company’s reputation in the market, as it shows that investors are willing to take a risk on the company despite the current market situation. This should help to build investor confidence in the company and increase its market share. The increase in stock price and investor confidence should help to improve the company’s reputation and boost its market share. This should help to strengthen the company’s position in the market and lead to long-term success. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Stantec Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Stantec Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Stantec Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Stantec Inc are shown below. More…

VI Analysis

Investing in a company requires a deep understanding of its fundamentals, and VI app provides an easy way to analyze companies’ long-term potential. According to the VI Star Chart, STANTEC INC is strong in dividend, profitability, and medium in growth, while being weak in asset. As a “rhino” company, STANTEC INC has achieved moderate revenue or earnings growth. Investors interested in STANTEC INC will benefit from its high health score of 8/10 with regard to cashflows and debt. This score indicates that the company is capable of paying off debt and funding future operations. Furthermore, investors can also benefit from its strong dividend, profitability, and moderate growth. In conclusion, STANTEC INC has a strong position in the market and is an attractive option for investors looking for a company that can offer stable returns. With its high health score, strong dividend, and moderate growth potential, STANTEC INC is a sure bet for investors who are looking for long-term success. More…

VI Peers

The company has a strong presence in North America and Europe and has completed many large-scale projects. Stantec’s competitors include Team Consulting Engineering and Management PCL, JSTI Group, and Dhruv Consultancy Services Ltd. All of these companies are large, well-established firms with a strong track record in the engineering and construction industry.

– Team Consulting Engineering and Management PCL ($SZSE:300284)

With a market cap of 7.2B as of 2022 and a return on equity of 5.66%, JSTI Group is a publicly traded company that provides various services including but not limited to engineering, construction, and project management. The company has a wide range of clients including government agencies and private companies. JSTI Group has been in business for over 50 years and has a strong reputation in the engineering and construction industry.

– JSTI Group ($BSE:541302)

Dhruv Consultancy Services Ltd is an engineering consultancy firm based in India. The company has a market capitalisation of 889.15 million as of 2022 and a return on equity of 10.73%. The company provides engineering and project management services to clients in the oil and gas, power, and infrastructure sectors. The company has offices in Mumbai, Delhi, Pune, and Bangalore.

Summary

Recent investing analysis of STANTEC INC has been generally positive, with brokerages recommending a “Buy” rating. This is in contrast to the majority of news coverage which has been largely negative. Analysts have highlighted the potential for growth opportunities and the company’s ability to respond to changing market conditions as factors that could benefit shareholders.

Investors should be aware of the risks associated with investing in the company, however, as the stock may be volatile and there is no guarantee of returns. Overall, STANTEC INC appears to be an attractive investment for those looking for a long-term hold.