August 7, 1016 – Stantec Report Updated

Stantec is updated and remains rated Buy now at CAN $29.95 and U.S/ $22.72. It has suffered a significant decline in adjusted earnings per share in the past nine months due to the weakness that it oil and gas and mining customers are facing. But its recent HUGE acquisition could boost earnings per share significantly in 2017. And it will have “lapped” the poor quarters beginning in Q4. It remains a very well managed company and will likely to continue to grow and achieve new highs over the years. Now that it has reported Q2 results there may be no reason to push the stock up in the next few months however. It may tend to trade in line with the outlook for commodities including especially oil prices.