Stantec updated May 31, 2021

Stantec is updated and rated (lower) Buy at Canadian $54.04 or U.S. $ 44.78. It has recovered strongly. Impressively, it managed to increase earnings in the past year through cost cutting and despite somewhat lower revenues due to the pandemic. The outlook is good although the higher Canadian dollar will be a drag as it converts U.S. earnings into Canadian dollars. And it is looking expensive now.  It may continue to rise in price but it would be a better buy if it happens to pull back below $50.

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