DA Davidson Downgrades Stantec (USA) to Neutral

Brokerage firm DA Davidson Downgrades its rating on Stantec (USA)(NYSE:STN). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Apr 14, 2016.

In a different note, On Feb 26, 2016, Raymond James said it Downgrades its rating on Stantec (USA). The shares have been rated ‘Market Perform’ by the firm.

Stantec (USA) (STN) shares turned negative on Mondays trading session with the shares closing down -0.19 points or -0.73% at a volume of 28,289. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.85. The peak price level was also seen at $25.85 while the days lowest was $25.43. Finally the shares closed at $25.7. The 52-week high of the shares is $30.0105 while the 52-week low is $20.71. According to the latest information available, the market cap of the company is $2,413 M.

Stantec (USA)(STN) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.20.

Stantec Inc. (Stantec) is engaged in providing planning engineering architecture interior design landscape architecture surveying environmental sciences project management and project economics. The Company’s three business operating units include Buildings Energy & Resources and Infrastructure. The Company’s Buildings business operating unit consists of services in architecture buildings engineering project management interior design and functional planning for vertical infrastructure. The Energy & Resources business operating unit is composed of environmental services industrial engineering services project management and construction management services primarily for private sector clients. Its Infrastructure business operating unit is engaged in the design and engineering services and also project and construction management. It operates in three geographic regional operating units: Canada the United States and International.

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