Raymond James Reaffirms Their Hold Rating on Stantec (STN)

By Jason Carr

The Materials sector company, Stantec (STNResearch Report), has received a rating update from a Wall Street analyst today. Analyst Ben Cherniavsky from Raymond James remains neutral on the stock and has a C$35 price target.

According to TipRanks.com, Cherniavsky is ranked #868 out of 5202 analysts.

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Currently, the analyst consensus on Stantec is a Moderate Buy with an average price target of C$38, which is a 18.6% upside from current levels. In a report issued on June 11, RBC Capital also reiterated a Hold rating on the stock with a C$36 price target.


Stantec’s market cap is currently C$3.57B and has a P/E ratio of 63.9. The company has a Price to Book ratio of 1.92.

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 Monday at C$32.05.