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Stantec selected by RTC of Southern Nevada for GoMed Program » 06:5005/1105/11/21
The Regional Transportation Commission, or RTC, of Southern Nevada has selected Stantec to lead the implementation of the GoMed Program - its vision for safer and more efficient travel to, from, and within the Las Vegas Medical District. The advanced mobility program will include planning and implementation for the seamless integration of autonomous vehicles, connected technologies, traffic and data management, and user software interface. The GoMed Program will be one of the first long-term deployments of AV shuttles in the world.
Stantec price target raised to C$59 from C$57 at Desjardins » 11:5105/1005/10/21
Desjardins analyst Benoit…
Desjardins analyst Benoit Poirier raised the firm's price target on Stantec to C$59 from C$57 and keeps a Buy rating on the shares.
Stantec price target raised to C$51 from C$48 at RBC Capital » 11:5205/0705/07/21
RBC Capital analyst…
RBC Capital analyst Sabahat Khan raised the firm's price target on Stantec to C$51 from C$48 and keeps a Sector Perform rating on the shares.
Stantec price target raised to C$63 from C$59 at Scotiabank » 11:2905/0605/06/21
Scotiabank analyst Mark…
Scotiabank analyst Mark Neville raised the firm's price target on Stantec to C$63 from C$59 and keeps an Outperform rating on the shares.
Stantec reports Q1 adjusted EPS 50c, consensus 35c » 17:0605/0505/05/21
Reports Q1 revenue…
Reports Q1 revenue $878.7M, consensus $693.81M. Contract backlog increased 5.3% from December 31, 2020, to $4.6B at March 31, driven by 5.8% organic growth. Organic backlog growth was achieved across all business units. Contract backlog represents approximately 12 months of work. "2021 is off to a solid start. Despite net revenue retracting organically relative to a pre-pandemic Q1 2020 as expected, we delivered increased earnings and cash flows thanks to the diligence of our employees around the world," said Gord Johnston, President and CEO. "We remain confident in our ability to deliver on our organic growth expectations over the balance of the year and are pleased with the 5.8% organic growth in our backlog this quarter."
Stantec awarded $60M contract from NAVFAC Mid-Atlantic » 06:4804/2004/20/21
The US Navy's Naval…
The US Navy's Naval Facilities Engineering Command, or NAVFAC, Mid-Atlantic has selected global design firm Stantec to lead multidiscipline architect-engineer services as part of a five-year, $60M indefinite delivery/indefinite quantity, or IDIQ, contract. Through this IDIQ contract, Stantec will support the planning, design, construction, and renovation of large waterfront projects within NAVFAC Mid-Atlantic's North area of responsibility, or AOR, including work at the Portsmouth Naval Shipyard, or PNSY, in Kittery, Maine.
Stantec price target raised to C$69 from C$55 at Canaccord » 11:0404/1904/19/21
Canaccord analyst Yuri…
Canaccord analyst Yuri Lynk raised the firm's price target on Stantec to C$69 from C$55 and keeps a Buy rating on the shares.
Ten new option listings and three option delistings on April 16th » 08:3004/1604/16/21
ABST, ALHC, AVNW, CIXX, DSGX, ORLA, STN, TAC, ZH, ZIM, CKH, GMLP, MIK
New option listings for…
New option listings for April 16th include Absolute Software Corporation (ABST), Alignment Healthcare Inc (ALHC), Aviat Networks (AVNW), CI Financial Corporation (CIXX), Descartes Systems (DSGX), Orla Mining Ltd (ORLA), Stantec (STN), TransAlta (TAC), Zhihu Inc (ADS) (ZH), and ZIM Integrated Shipping Services Ltd (ZIM). Option delistings effective April 16th include Seacor Holdings Inc (CKH), Golar LNG Partners LP (Units) (GMLP), and Michaels Companies Inc (MIK).
Stantec price target raised to C$62 from C$56 at CIBC » 11:0904/1304/13/21
CIBC analyst Jacob Bout…
CIBC analyst Jacob Bout raised the firm's price target on Stantec to C$62 from C$56 and keeps an Outperformer rating on the shares.
Stantec signs LOI to acquire Engenium consultancy in Australia » 06:4804/0804/08/21
Stantec has signed a…
Stantec has signed a letter of intent set to close in Q2 to acquire Engenium, a project delivery consultancy specializing in the delivery of mining, resources, and industrial infrastructure projects, founded in 2003. Financial terms of the transaction were not disclosed. Headquartered in Perth, Western Australia, Engenium has multi-year framework agreements with many of the country's local mining houses and is involved in both brownfield and new greenfield project developments. Additionally, the team is at the forefront of decarbonization and clean energy technology.