Stantec is updated and rated Buy at $32.64. Historically, Stantec has been a strong growth-by-acquisition company. However, the stock has been relatively flat for the past four years. Initially, this was due to the impact of lower oil prices which slowed its business. Then, in 2016 it made a very large acquisition which came with a “Construction Services” division that proved to be very problematic. Stantec divested this at a loss in late 2018. Now it is once again a pure-play fee-for-service company. It appears to have good sales and earnings momentum entering 2019.