Stantec (USA) (STN) is Downgraded by Desjardins to Hold

Stantec (USA) (STN) was Downgraded by Desjardins to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Desjardins advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on Stantec (USA). Stantec (USA) was Upgraded by Raymond James to ” Outperform” on May 13, 2016. Stantec (USA) was Downgraded by DA Davidson to ” Neutral” on Apr 14, 2016.

On the company’s financial health, Stantec (USA) reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.44. The company had revenue of $710.40 million for the quarter, compared to analysts expectations of $590.01 million. The company’s revenue was up 1.5% compared to the same quarter last year.

Stantec (USA) closed down -0.01 points or -0.04% at $26.23 with 17,898 shares getting traded on Wednesday. Post opening the session at $26.15, the shares hit an intraday low of $25.88 and an intraday high of $26.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Stantec  (USA)

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